Topic: I Need An Answer & A Reward For The Best Answer.

First,let me start frm d general to d specific.D global eco. meltdown resulted due to bad credit and loans.Those u use creditcard as opposed to debitcard made d issuing bank to settle d seller on behalf of d cardholder.D same goes for morgage/Loans.Now those who borrowed are getting bankrupt leading to a credit crunch which affected those big banks including some in nig. For d issue of japol as an example,its d forces of demand & supply that determines the share price on d platform of growth of d company.I am not saying d firm isnt growing but d price of its share is falling cos everybody is holding his money & nobody wants to invest in stock 4 now & as an economic principle,when supply exceeds demand,of course price wil definitely fall & dats wht is happening to d share prices. -ODELI FELIX, 08069471437

Imagine this out of 44 readers only 1 still made an attempt to answer the question that even the so called stock brokers won't know what to say if they are being asked.

Anyway I'm still expecting answers as this problem must be tacked and if we don't have a clue on how to go about it then we won't know what to do.

Thanks.
It's still Lateef

can i still shower in more notes to the above?

only God knows how this economics thing works out....l asked a fellow a question yesterday

...will it have any effect on the economy if am able to lay hold on a moneyprinting machine and start churning out real cash...

after running round and round in a bid to answer me...the only thing l laid hold on was that l will be pumping too much money into ciculation which will cause, was it a de or an in-flation...

u c why l took to science....l dislike intagible and abstract terms that cant be explained concretely....

a SOLUTION can be absolutely defined as the transition state between where u are right now and where u want to be...just as THE THEORY OF RELATIVITY can be described as the phenomen observable regarding time..whereby a second feels like an hour when u place ur hand atop a hotpot whereas an hour feels like a second when u place ur hand atop a hotbabe...

well, let me try to answer ur question in the best way l can...what really happened is that u bought shares and stocks and the company invested ur money in madoffs ponzi schemes(invest 20 naira in my firm...l ll give u 40naira in a months time) and stuffs like that...even the company itself could have bought shares too with ur money elsewhere if possible and also banked ur money somewhere...maybe the company executives buys a new jet every year, finances his casino and gambling habit with ur money,marries a new wife each year or gets a new mistress each month, etc... the banks granted loans to their relatives, boyfriends and girlfriends, godfathers etc with or without collateral and due process...the Government bodies certified persons worthy in character and business when actually they are not just because they have something to gain...even ppl who were neckdeep in debt were granted loans to finance their debts....definitely ther will be a loss of equilibrium because the very custodians of financial equilibrium messed with equilibrium...as for the money, some ppl live on a culture of eating their cake b4 they earn it...credit culture....those cash cant be repayed even if the defaulters are to be reincarnated 10times..ur money got misused and u got abused...even the interests upon it cant be paid...even some of these defaulting company executives fall prey to yahhoo boys in a bid to make last minute efforts to restore normalcy....but u know now, nature does not allow for a vacuum....so to get the system back to normalcy...ur 13mil had to reduce to 2mil gradually or suddenly...even the government itself had to pump in some money to stabilise the system

there will be another rippoff and recession, again and again in future...i.e if the world will recover from this pesent one, as long as men of questionable characters, ungodly and unseasoned men continue to be in power and places of authority and as long as men continue to finance their greed by eating their cake b4 they earn it...CREDIT CULTURE.

pls forgive my scrambling around with excess words...am just a Natural Scientist trying to solve an Economics Phd question!

Originally Posted by felixodeli

can i still shower in more notes to the above?

Sure go ahead we need an answer. This problem must be solved.