Neoseeker : News : Industry report: five companies down, retail threatened
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THM Jan 22, 09
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To summarize, Microsoft, Electronic Arts (EA), and Nokia have all announced significant job cuts, with Sony expected to do the same (again). Additionally, THQ's earnings for last year were lower than expected, and at least in the UK, the retail games industry appears threatened.
Don't worry folks, the world is not going to end by the current financial crises around the globe. I'm pretty sure about that.

Our globalised economy will somehow return to its perfect position after some years and most importantly, in the amid of global financial turmoils, retail sectors, large capitalist companies such as EA, Nokia, THQ and Sony all will survive this gloomy period notwithstanding their large profit loses and job cuts which are mundane terms in this period.

Remember, in our globalised capitalist economy, there are always ups and downs which we must also withstand otherwise there won't be no such thing as capitalism or democracy. Apropos, no one stays at the top forever and there will not always be large profits for capitalist societies. They must also face large loses, that's an undeniable economic principle particularly in incorrupt democratic nations.

Even the authoritarian Chinese communist government's long economic boom period is coming to an end right this very moment as I have heard from various news. Having described all those gloomy economic news or events, I do anticipate that someday good times will definitely roll back as if it comes like a bolt from the blue. By the time our globalised economy revitalises, the imperative lessons from our extreme capitalism along with corruptions in the Wall Street will also be reverberated with horror and contempt in academic historians' books until the very end of time.
Last edited by THM :: Jan 23, 09
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Guest Jan 22, 09
Nice comment THM. But

quote
Even the authoritarian Chinese communist government's long economic boom period is coming to an end right this very moment as I have heard from various news. Having described all those gloomy economic news or events, I do anticipate that someday good times will definitely roll back as if it comes like a bolt from the blue.
My question is that Will Lehman Brothers, Fannie Mae and Freddie Mac emerge again like the bolts from the blue?
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THM Jan 22, 09
quote Sejanus
Nice comment THM. But

quote
Even the authoritarian Chinese communist government's long economic boom period is coming to an end right this very moment as I have heard from various news. Having described all those gloomy economic news or events, I do anticipate that someday good times will definitely roll back as if it comes like a bolt from the blue.
My question is that Will Lehman Brothers, Fannie Mae and Freddie Mac emerge again like the bolts from the blue?
Hee Hee, the future sustainability and reliability of the aforementioned companies are remained to be seen contingent upon the upcoming economic circumstances along with the US government's assistance, Sejanus.
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