decreaseinterestingrate.doc

Many countries in the world have cut their interest rates to cope with the current economic situation. How are these policies affecting your finances? Do you think they will be effective in fighting the financial crisis?

· Steve
UK
02-19
The interest rate lower down may be one of the efficient way to increase consumption and led up domestic investigation.The key parameter is whether people have trust and good expectation to the economic

· Lee Davis
United States
01-25
I have some savings and I will soon be able to get my Social Security pension. But the US state of Oregon where I live, We have a 9% unemployment Rate, we usually find 5% exceptable. The Problem is we have seen a a rise of about 1% a month, and we don´t know when this will end. the bright side is we are considering Socialism as the way Forward.

· DENNIS JUNIOR
NYS/USA
02-12
The ongoing Financial Crises is affecting me...By having more hard time getting financial aid and not able to find work...

· david
australia
01-13
At least one of my daughters is unemployed. already though my other two daughters are underemployed. the dominance of the monopoly capitalists have led to most young people haveing low paid casual jobs. this means that they stay at home for longer. I wonder if China can overcome capitalism as this systemis no good

· Pauline
USA
01-18
Food prices have doubled, for instance, for a can of butter beans, I paid $0.59 and now they cost $0.99; I can no longer save money and will have to reduce expenses; several people at my level have been laid off; the work load is increasing for all at my level. Everyone at my level is afraid, not spending money, saving, worrying.

· David Ellsworth
Canada
11-10
At almost 65 years of age, the financial crisis has had only a little impact on my modest economic situation. I am at the end of my working life and now qualify for fairly small retirement benefits which I supplement by teaching English in China. However. I am deeply affected by the sight of the extensive loss of well being among the masses of people of the younger generations who are losing their jobs, income and homes - especially in the United States.I have travelled throughout 47 of the 50 states of America and witnessed much of the extreme poverty homelessness and hopelessness that has dwelt there out of the sight of the majority of its citizens during my lifetime and can only imagine that such conditions will become more common. Perhaps this event will provide the impetus for a much needed change in attitude, understanding and practice among the social and business leaders of the world.

· Lee Davis
USA
10-29
I could not find work, I am 60 years of Age, I was out of work, so I had no income. I sold my house, my wife passed away, our Children were living on their own. So decided In February things were only going to Get worse, So I contacted a friend, who sell houses. I he Listed My home 160 thousand dollars, The local Government Valued the House for Tax purposes At 204 thousand dollars. The House Sold for the Asking price, April 7. I paid my off Existing loans, and will be living off the Remaining 100 thousand Dollars for the Next 6 yrs, when I can get full Social Security benefits. I would Like to Point out there are a number of Factors that effect our ability to find work, and buy things here.

· Abdul Majeed
India
10-27
As I am not linked directly to the sharemarket and the like gambling activities the ongoing crisis did not touch me now. And I dont know whether it will affec the whole society. Anyway the crisis was essential, because the the present world economy is not built upon the reality. The speculative trade is the present system which is far from creating a real economic situation. The speculative trades make man greedy more and more. In this system only a ´blessed few gain at the expense of the most of ´victim investors´(who really dont owe the mercy because they also were desiring to be the victimiser and to urn more). And now it is a high time to think about a good economic system which considers all the ethical norms.

· Abdul Majeed
India
10-26
As I am not linked directly to the sharemarket and the like gambling activities the ongoing crisis did not touch me now. And I dont know whether it will affec the whole society. Anyway the crisis was essential, because the the present world economy is not built upon the reality. The speculative trade is the present system which is far from creating a real economic situation. The speculative trades make man greedy more and more. In this system only a ´blessed few gain at the expense of the most of ´victim investors´(who really dont owe the mercy because they also were desiring to be the victimiser and to urn more). And now it is a high time to think about a good economic system which considers all the ethical norms.plscontact me on nkmbukhari@

· jimmy
Malaysia
10-21
Everything has become more expensive. My monthly food bill is about 25 to 30 percent higher compared to last year. I know, because I keep a basic account of my grocery spendings. Also, there seems to be a lot of grumblings in the newspapers, too. Other costs like transport have gone up, too. I think this is the fault of the oil traders and speculators in the US. They use lots of hot cash to drive up prices and everything else go up as well. US and France praise capitalism but I think it is nothing more than something similar to AIDS or leprosy; dangerous and deadly.

· Chan
Malaysia
10-22
With more things getting more and more expensive, it is hard to imagine how to survive should the crisis deepens

· Folk
US
10-20
My stocks fell out...

· yueguangyu
china
10-23
As a college student, I am worried about my job in the future, because if the economy is not good,everything will be bad.My major is sports english,and I don´t want to see some sports be limited for the reason of no money to support it,for the reason of ecmomic crisis ,just like NBA.

· Isabella
China
10-24
It is terrible to see that.The financial crisis effect all over the world.not only finance but also other industry.stock fall,building business demand reduced,banking policy relax,many manufacture or company go bankrupt,lots of people loss job. The price of things get more and more high,but our salary not changed.In order to get through the gloom,we just reduce our consume.It is not good time to find a new job,or you will face to unemployment.

· zoe
ShanTou China
10-25
i am a graduate student. I have been keeping heed on the current financial crisis through newspaper. I found that one could both get benefit and get loss amid the credit turmoil. For me, it might be more difficult to find a good position and earn more money. The lucky thing for me as a Chinese is that so far the economy in China is still in stable situation.

· cici
China
10-25
I like the financial crisis.the first reason is that USA will be collapseed, hopefully they are lost from now on, the host right passes to Asia China, our country can choose the chance to fight againt western country, and become stronger and stronger, dominate the world historically, like the period before Qing Dynastythe sencond reason, the housing price must slide down, the price is closed to reasonable. More and more people can buy their own house.grip the opportunity timely