I will e-mail if you are correct. By the way I am very young and if you don't know how the economy is and I am younger than you... I laugh. PROVE ME WRONG!
2007-03-06 16:41:21 · 7 answers · asked by Anonymous in Social Science ➔ Economics
It is an interesting question with no correct answer. I am sure you will prove me wrong.
Paulson says Global Economy is strong including a firm US position. I doubt this.
Many investment analysts are worried about deflation such as Kiyosaki. This is a good time to look at Hedge investments.
Gold and silver have been very strong and will continue to climb. Buying in precious metals should be part of a hedge position.
Going along with all of this is Greenspan's speech to Hong Kong last week and his reaffirming the US probability is 1/3 of going into recesiion this year.
You would expect Paulson to toot the US economic horn since he works for the current administration.
2007-03-06 16:53:09 · answer #1 · answered by KingGeorge 5 · 0⤊ 0⤋
Unemployment is low, businesses are doing fine, and the economy is doing fine. There is a downturn in the housing market but that is to be expected because the market is overbuilt. Basically, as far as the economy is concerned, the USA is doing just fine.
Greenspan made a correction speech today about the probability of a US recession because he realized that his speech caused the stock market to tank. I wouldn't worry about a recession unless an A bomb is dropped on NYC.
2007-03-06 16:55:05 · answer #2 · answered by Ellen J 7 · 0⤊ 0⤋
Right now our economy is on good track as far as the industrial growth and consumerism is concerned,but as far as agriculture is concerned we are still lagging in achieving proper growth. Therefore, the good or bad condition of our economy is to be seen as per the status of the observer/ evaluator. For the people living in urban areas and having proper employment the economy is very good ,but for the people living in rural area depending upon agriculture are not so sure about the status of the economy.
2007-03-08 15:49:52 · answer #3 · answered by sb 7 · 0⤊ 0⤋
haha Nice question, but answer could be something like that.. Check your bank balance & chck mine too. then you may get idea how is OUR economy
2007-03-06 18:05:00 · answer #4 · answered by prashant_bele 2 · 1⤊ 1⤋
I could use a hamburger today, for which I will gladly pay you on Tuesday.
2007-03-06 16:55:47 · answer #5 · answered by Anonymous · 1⤊ 1⤋
It is majorly dependent on agriculture and there is a need of industrialisation...
2007-03-06 17:39:22 · answer #6 · answered by Prasun Saurav 3 · 0⤊ 1⤋
developing
2007-03-06 16:45:02 · answer #7 · answered by Remya R 2 · 0⤊ 0⤋