2006-11-01 18:48:30 · 7 answers · asked by VW1993 1 in Social Science ➔ Economics
i think it's highly unlikely that that would happen especially with the dow curbs in place
2006-11-01 18:55:47 · answer #1 · answered by keoni_21 3 · 0⤊ 1⤋
Yes, it will. The thing is that economies run in cycles. SO, we have expansionary and contractionary periods. These cycles are very long and not entirely obvious to most people.
take for example, the markets. There was a huge crash in the late 80s, then things recovered to the point where the dot-com boom started. Then, the dot-com boom crashed and now the markets are doing well again, with the DJ reaching record heights. When will this stop and the market crash again is anybody's guess, but it will happen again. How severe the consequences are depend on several factors, not just on the possibiity of it happening again.
2006-11-02 05:50:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'd say that nothing lasts forever. We may not be here to worry about that, but some day all things crumble to dust.
But to comment about near future, then I don't think there are signs of another great depression in the air yet. Energy crisis may create some shuffling in the world economy, but I suppose current big players will still remain big. Even if the running orders change a bit.
2006-11-02 03:31:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ozymandias
I met a traveler from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them, on the sand,
Half sunk, a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read,
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed,
And on the pedestal these words appear:
"My name is Ozymandias, King of Kings:
Look upon my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.
2006-11-02 05:18:07 · answer #4 · answered by meg 7 · 0⤊ 0⤋
It already has. Many years ago US dollars were backed by US gold and silver. That is no longer the case. The US pays to print/coin the money in the US and European backers loan the US the money to cover the amount printed/coined. Then the US pays the loan back with interest.
2006-11-02 03:08:42 · answer #5 · answered by MoonWoman 7 · 0⤊ 1⤋
it is undoubtedly a very strong economy. however, with other economies that are growing for example china, it is possible that another economy would reign 'superpower'
2006-11-02 07:20:12 · answer #6 · answered by deynibeybi 2 · 0⤊ 0⤋
it will and i will be very happy for that...
2006-11-02 03:06:12 · answer #7 · answered by lionceau 1 · 0⤊ 1⤋