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Anyone Worried About Financial Ramifications?

Cherry Bomb

17:09 / 13.09.01

I am. Especially since the WTC was such a major financial center. Also since one of the nations largest bond traders has been nearly wiped out by this whole thing.

Congress has requested 20 billion dollars IMMEDIATELY to begin taking care of this - from the social security "lockbox." (Though, truth be told, presidents Johnson, Nixon, Ford, Carter, Reagan, Bush I and Clinton have ALL dipped into the lockbox, but hey! They didn't promise not to.)

And oh yeah, the recession.

I think the stock exchange will recover from being closed for a few days, but these things I'm a little more worried about.

Thoughts kids? Not freaking so much as concerned..

Ganesh

17:16 / 13.09.01

Just in a general "there's going to be a recession, should I sell my flat" kind of way. I'm slightly more worried about moving to London now Tony's done his "shoulder to shoulder, go on, bomb us too" bit.

Fist Fun

17:23 / 13.09.01

Someone posted quite early on that "war is good for the economy". Wouldn't a spending 20 billion redeveloping, increasing security be a giant spur for an economy?
I think the main worry is stock market uncertainty, but there seems to be a sort of solidarity with America shown by speculators.
...and godammit I have just quite my job there just can't be a recession.

Thrasher

17:52 / 13.09.01

I quit my job about 2 hours before the first plane crashed.

But personally I belive that destruction of economy is THE only positive thing to come of this tragedy.

[ 13-09-2001: Message edited by: Thrasher ]

[ 13-09-2001: Message edited by: Thrasher ]

Jack Fear

18:04 / 13.09.01

Tell me that after you've been eating dog food for a couple of weeks.

Naked Flame

18:30 / 13.09.01

I think the financial ramifications will be totally secondary. America's pretty good at capitalism, at peace or at war: buy munitions! offload those longterm investments!

seriously, though, its the least worrying thing as far as I can see. America could lose billions and still be seriously bigger and stronger than any other nation. While that is true, the balance of economic power is basically static and any recession etc. is going to seem like a blip, although not necessarily a pleasant blip. Someone compared the terrorist Them to a 'multi-headed Hydra... cut off one head and another appears in its place' and I think the same is true of the money-machine. As noted elsewhere in this forum, they're pretty interdependent in many ways.

of course, America could fuck up the next bit of this inevitably ongoing process and we could find ourselves at the breaking point for world 'peace', prosperity and all that good stuff.

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