2006-09-24 12:30:01 · 11 answers · asked by Anonymous in Social Science ➔ Economics
Great question because 20 years ago there were definite signs. Today that is not true. The stock market is up and companies are making record profits but when illegals are taking all the low wage jobs helping those profits. And stuff like that, then sure the economy is great for the rich but bad for the poor.
2006-09-27 13:59:22 · answer #1 · answered by Roberto 2 · 0⤊ 0⤋
i am guessing that we can all see when our economy is in trouble when minimum wage for a regular 40 hour work week does not match ones everyday expenses. examples: you can't live without electricity, shelter or food. yet prices go up 5 times faster than our wages to match the economy. I'm guessing! take a look at gas prices, supermarkets, mortgages or the price of cabbage to give examples all these expenses go whey up before you get paid any more to match or even have any money to waste. and please don't forget the add on: cell phones, laptops, digital cameras, cable, ipods, etc....
2006-09-24 21:03:41 · answer #2 · answered by non-curious 2 · 0⤊ 0⤋
under the assumption that you are speaking of rapid deflation and or depression in the general economy and your are looking for clues the layman can easily watch---- watch for rising bank failures, rising home foreclosures. rising business bankruptcys, rising personal bankruptcys. look for rapidly increasing unemployment, watch the rate of rise of unemployment claims, watch the increased usage of food stamps and other aid programs watch for protest demonstrations with an economic theme- further,
watch for civil unrest such as riots in extremely bad times. Lastly ,in the United states watch what the federal government is doing to prime the economic pump - as a general rule the more "new money" they pour into the economy the more problems our economy is experiencing. Unless the fed makes some very huge errors a general depression like the one in 1929 is not likely.Most likely events l will be periods of deflation .
2006-09-24 20:20:33 · answer #3 · answered by Terry D 1 · 0⤊ 0⤋
We know it is. Look at the costs of the war, and the fact that expenses are mounting up. However the only time many Americans scream bloody murder is if money seems to be coming out of THEIR pockets. Well It is folks, so wake up! Although rates are going down a bit now, what do you think the huge rise in gas prices has been all about? I heard from a physician in Baghdad; gas there is .25 a gallon. Of course that is small compensation for those who are in hell.
2006-09-24 19:42:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
When the imports exceed the exports and the deficit is growing at a rate faster than the growth rate of the GNP.
2006-09-24 19:37:52 · answer #5 · answered by Buffy Summers 6 · 0⤊ 0⤋
their are three economic indicators.
1. inflation
2. unemployment
3. gdp growth.
politicians use these three indicators to know how their countires economy is going on.
search in google for mankiw and use his fourth edition book, also play the simulation of the economy in it where these three economic indicators are use
2006-09-25 14:59:50 · answer #6 · answered by Yasir Saeed 2 · 0⤊ 0⤋
When Walmart stops making a profit.
2006-09-24 19:38:05 · answer #7 · answered by freedomchild99 3 · 0⤊ 0⤋
Usually we can tell when everyday products prices go through the roof
2006-09-27 16:44:49 · answer #8 · answered by babysweetvee 3 · 0⤊ 0⤋
When the world is the way that it currently is.
When all that you've managed to save, is at incredible risk.
2006-09-24 19:39:42 · answer #9 · answered by Medicated Harmony 4 · 0⤊ 0⤋
when you look in your wallet and you are wondering if you will make it to the next paycheck. TV will not tell you the truth your wallet will, trust me, been there many times.
2006-09-24 19:37:47 · answer #10 · answered by antiekmama 6 · 0⤊ 0⤋