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Economic Rebound Theory | The Union BMX

Economic Rebound Theory

I am no economist or stock broker. I am probably not even qualified at all to be saying this… However, I think this little theory (idea) of mine should hold true.
Seeing as I have had stock literally all my life thanks to my mom, I learned at a young age how to follow the stock market.
Now that I am 20, a business major in college, and well aware of where my money has been going these last few months. I think it is time for a little positive motivation for how long it will be till the economy and stock market comes back.

When the Great Depression first happened in the 1930′s it obviously had a huge toll on the country. When I think of it personally I see the images from all the history books I read in grade school. Pissed off farmers in a dusty cloud (no, I am not mistaking for the dust bowl.. even though that would be a similar image).
The biggest difference is technology, just compare the technologies of then to today. We were a national market at the time, now it is a global economy. Telephone service was weak and nothing. The word computer was basically a made up word, and the Internet is about 40 years away from becoming a word. People wrote letters and it took weeks for it to get across the country and to get a response sometimes. To get away from that depression it took years to fix. I doubt it will even take half the time to fix what we have gotten into this time.

Now fast forward to 2008, the global market is in crisis and people don’t know what to do. People are going crazy because they sit and watch the stock market channel where they literally know exactly what is happening the very second it happens. People are making trades from their computer over the Internet every second, the United States government has groups working around the clock to figure out how to fix this financial crisis, and the world is following suit. Why is it that you can be having a conversation with somebody in Australia on AIM, while chatting with old friends on Facebook like they are sitting there with you but, it has taken a few months for this economic hic-up to even begin to be figured out? We have the technology to connect people, the brilliant people we need to make the discovery of what the hell is causing this downward spiral!

Sure, 98% of us are uneducated enough to make these big economic decisions, but don’t you think that if the whole world is connected things will be happening a little more rapidly? Somebody is bound to have an answer, or at least a piece to this puzzle to fix it. Why don’t we have a place to put all these ideas together? If we know the exact reason for why big businesses are failing and banks are hitting the shitter than why hasn’t there been any solid solutions besides a great “bail out” where the government throws up this money that can be printed and made up that shouldn’t even exist?

All I am saying to sum up these blasts of words is that this depression/economic crisis or whatever you want to call it is not even that bad. For the majority of the people who might read this, answer this question. How much has your life really changed because of this? Do you still go out? Do you still buy food and gas? Have you been running around on fire or being shot at for your wallet? Okay so it isn’t that bad. I am saying that because of the technology we have, everyone should be coming together to figure out what the problem is… I am saying that because of technology this shouldn’t take 5 years, shit this shouldn’t even take until 2010 to be fixed. The world moves at a million miles an hour and isn’t slowing down. Why should business? Get on it.

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