2006-10-29 14:20:02 · 5 answers · asked by Runner 1 in News & Events ➔ Other - News & Events
It depends on what you mean by trouble. If you mean that the economy will collapse in the next couple months, no.
However, there are some troubling things going on.
1) The housing market is shrinking. Its not a full popping of the "bubble" but it is troubling and reaches into other markets including home improvment and banking.
2) The deficit is exploding. This affects everything from interest rates to inflation. The more debt the US has, the less worth its currency has, thus foreign currency has more value and it costs more American dollars to buy the same product.
3) The GDP (gross domestic product) has "shrunk" (i don't know if it actually shrunk or just grew by a lot less than it had been). This means we are producing less and importing more, which, coupled with number two above, is especially not good.
These are the danger signs that economists are keeping a close eye on.
2006-10-29 15:17:13 · answer #1 · answered by John J 6 · 1⤊ 0⤋
If the United States is in Financial trouble they have of the countries in the UN are also in trouble. We give billions every year to support countries such as Israel, Afganistan, and have the countries in the eastern block. Also North Korea is on our charity list.
2006-10-29 16:00:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
a little of both. the media is making a bad situation worse.
2006-10-29 16:14:19 · answer #3 · answered by ? 6 · 1⤊ 0⤋
No doubt whatsoever....it's NOT media hype.
2006-10-29 14:27:43 · answer #4 · answered by ssssss 4 · 0⤊ 0⤋
yes and yes
We do have a national debt.
The media always stretches things to larger proportions to get more viewers.
2006-10-29 15:30:20 · answer #5 · answered by moonfire 1 · 0⤊ 0⤋