Re:Project Tango
by coldtea on Friday February 21, 2014 @10:47AM
(#7277466)
What "scare story"? Financial collapse already happened in 2008.
People paid a trillion in the US alone, out of their pockets, to ameliorate it (plus close to another trillion they lented to Detroit). And tons of middle/working class jobs are not coming back in the foreseeable future.
And that's the US. For some European economies it is even worse -- they got from 30% unemployment to double the suicide rates in 3-4 years time.
Re:Project Tango
by dualogy on Friday February 21, 2014 @11:22AM
(#7277654)
That sure was a big crisis but the word collapse for me implies total breakdown == after something collapsed, it no longer exists. The "financial system" still exists seemingly, even if arguably not in its best shape ever since.
People paid a trillion in the US alone, out of their pockets, to ameliorate it (plus close to another trillion they lented to Detroit). And tons of middle/working class jobs are not coming back in the foreseeable future.
And that's the US. For some European economies it is even worse -- they got from 30% unemployment to double the suicide rates in 3-4 years time.