With economic turmoil reaching an ALL TIME HIGH.......

does spending on entertainment seem reasonable?? I made plans to buy the PS3 with the works this holiday season, but this economic trouble the country is facing (I guess I'm asking the U.S but in reality I ask everyone) should entertainment be a part of the budget at all for an individual today? Also, are you prepared for the worst?

Tell me if this is completely off topic because the last thing I want is a meaningless topic of discussion.

does spending on entertainment seem reasonable?? I made plans to buy the PS3 with the works this holiday season, but this economic trouble the country is facing (I guess I'm asking the U.S but in reality I ask everyone) should entertainment be a part of the budget at all for an individual today? Also, are you prepared for the worst?

Tell me if this is completely off topic because the last thing I want is a meaningless topic of discussion.

batsy4life

I'm with ya on this. I just graduated college not too long ago and I'm in between jobs at the moment. Its definitely scary to think that finding a good or even a decent paying job may not come around for awhile. All this makes gaming pretty low on the priority list. Really sucks, especially with all the great titles coming out soon... :(

I would punch economical turmoil in the FACE! That's what I would do :D

In all seriousness, you have to give a piece of yourself to the present. I'll admit, I'm a looking-to-the-future guy, but if you don't leave any of yourself in the present, you're never gonna have any fun.

TL;DR: Roll with it.

It's supply and demand. If everyone in America assumes they need to horde all their money because things are going to be bad, things WILL get bad. Businesses and companies WILL fail if the average person is keeping all their money at home in a safe. Money stimulates the economy, you have to continue to buy things and keep your money in banks or it will get worse and worse.

Please continue to buy things people, you're going to make it WORSE rather than better. And guess what, if things do get really bad, our money will start to become useless. It won't matter you saved 25K in a safe at home. You didn't stimulate the economy and bread will cost you $100 and milk $200. :)

To those who don't have a job I do feel for you, the job market looks bleak at best. As for the economy everybody should have seen this coming it wasn't a secret. Sub prime loans were a joke destined to fail, a get even richer scheme that ended blowing up in the mortgage company's faces. What makes me sick is how Enron was a fore-barer to this and nothing was done. Hell remember after that fiasco the government said "We need to tighten the reins of big business" and look nothing happened. The most important thing to do is get out the vote and show the government its time for a change. We can't continue down this road or is just going to get worse.

It's supply and demand. If everyone in America assumes they need to horde all their money because things are going to be bad, things WILL get bad. Businesses and companies WILL fail if the average person is keeping all their money at home in a safe. Money stimulates the economy, you have to continue to buy things and keep your money in banks or it will get worse and worse.

Please continue to buy things people, you're going to make it WORSE rather than better. And guess what, if things do get really bad, our money will start to become useless. It won't matter you saved 25K in a safe at home. You didn't stimulate the economy and bread will cost you $100 and milk $200. :)

Cereo1

Just don't buy it on credit... That would just make things worse.

[QUOTE="Cereo1"]

It's supply and demand. If everyone in America assumes they need to horde all their money because things are going to be bad, things WILL get bad. Businesses and companies WILL fail if the average person is keeping all their money at home in a safe. Money stimulates the economy, you have to continue to buy things and keep your money in banks or it will get worse and worse.

Please continue to buy things people, you're going to make it WORSE rather than better. And guess what, if things do get really bad, our money will start to become useless. It won't matter you saved 25K in a safe at home. You didn't stimulate the economy and bread will cost you $100 and milk $200. :)

DEVILinIRON

Just don't buy it on credit... That would just make things worse.

the devil is right!

haha really wanted to say that :D

[QUOTE="DEVILinIRON"][QUOTE="Cereo1"]

It's supply and demand. If everyone in America assumes they need to horde all their money because things are going to be bad, things WILL get bad. Businesses and companies WILL fail if the average person is keeping all their money at home in a safe. Money stimulates the economy, you have to continue to buy things and keep your money in banks or it will get worse and worse.

Please continue to buy things people, you're going to make it WORSE rather than better. And guess what, if things do get really bad, our money will start to become useless. It won't matter you saved 25K in a safe at home. You didn't stimulate the economy and bread will cost you $100 and milk $200. :)

MGSFan27285

Just don't buy it on credit... That would just make things worse.

the devil is right!

haha really wanted to say that :D

best comment so far in this thread... it was an overuse of credit that got your economy the way it is... that and a smart government... and seems like it'll be 4 more years of it by the latest pools... some people never learn i guess.

still... buy the games system... at least you'll all be entertained when the economy finally dies and you're in the forest hunting for food. that is if you have a personal electrical generator... cause i guess electricity will start to cost a lot more :P

does spending on entertainment seem reasonable?? I made plans to buy the PS3 with the works this holiday season, but this economic trouble the country is facing (I guess I'm asking the U.S but in reality I ask everyone) should entertainment be a part of the budget at all for an individual today? Also, are you prepared for the worst? Tell me if this is completely off topic because the last thing I want is a meaningless topic of discussion. batsy4life

[QUOTE="batsy4life"] does spending on entertainment seem reasonable?? I made plans to buy the PS3 with the works this holiday season, but this economic trouble the country is facing (I guess I'm asking the U.S but in reality I ask everyone) should entertainment be a part of the budget at all for an individual today? Also, are you prepared for the worst? Tell me if this is completely off topic because the last thing I want is a meaningless topic of discussion. ocksfoo

Yeah guns keep you safe.:roll:

Off topic discussion is a better place to have this discussion, as it will probably be locked for not being on topic. I do however agree that you raise a valid question worhty of discussion. Im not really sure what to expect but I am gonna enjoy myself until im forced to hunt and forage.. :lol::shock::?warbmxjohn

To those who don't have a job I do feel for you, the job market looks bleak at best. As for the economy everybody should have seen this coming it wasn't a secret. Sub prime loans were a joke destined to fail, a get even richer scheme that ended blowing up in the mortgage company's faces. What makes me sick is how Enron was a fore-barer to this and nothing was done. Hell remember after that fiasco the government said "We need to tighten the reins of big business" and look nothing happened. The most important thing to do is get out the vote and show the government its time for a change. We can't continue down this road or is just going to get worse.

2beers_in_hand

I completely agree however , we had Sarbanes-Oxley and other countermeasures which were in place to root out deceptive practices etc .but even with those fail safes in place nothing really happened..People still committed fraud , people still found new and deceptive ways of finding loopholes to make their balance sheets look alot better then they actually were. Even Freddie and Fannie , despite being GSE's had barely any oversight.So my point is there were regulations out there ...they just weren't implemented and executed correctly. The last thing we need is more regulation , as that clearly hasnt solved any problems on Wall St , what we do need IMO is to have existing rules and regulations to be enforced