The stages are: prosperity, recession, depression and recovery. I thought it was recover stage, but not too sure about it.
2007-01-25 13:49:51 · 2 answers · asked by Priyanka C 1 in Social Science ➔ Economics
We are at the end of a recovery cycle and leveling off in prosperity. However, it would be easy for the economy to tetter off into a recession. The recent Democrat victory and susequent discussions of "raising taxes on the rich", have made investors nervous and capital is starting to dry up.
2007-01-25 14:14:50 · answer #1 · answered by Roadkill 6 · 0⤊ 1⤋
Depression, at least in Michigan anyway. We have more jobs leaving the area, than entering it. I think that most of the country is in the same boat. Many of our higher paying jobs and trades are leaving our country at an alarming rate. We are at a dangerous point in our history. When 90% of the wealth is controlled by 10% of the population our society will start to crumble. I believe that we are at that point now. When a CEO makes 400x what their employees make, there is something seriously wrong.
2007-01-25 22:06:52 · answer #2 · answered by mischa 6 · 0⤊ 0⤋