2007-08-17 15:23:20 · 8 answers · asked by Anonymous in Politics & Government ➔ Elections
Nope, a cyclical correction at most.
2007-08-17 15:27:25 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Greed is simply one element in the equation !
Add to this any number of other factors -- the primary one being the fact that the Bush administration's economic policies have been, at best, a "window dressing" --- "image" thing -- made to make things look far better than they actually have been !!
The wealthy took their tax cut windfalls to the stock market and pumped a lot of cash into already over inflated price margins -- swelling the market with new capital that was, by market actual value, unwarranted --- now comes "pay day" for all of this --- and the "correction" that people are speaking of --- has a MAJOR fall ahead of it -- to BE corrected --- there could very easily be a MUCH harder measure in the mix THIS time -- than a simple "recession" !!!
2007-08-17 15:40:36 · answer #2 · answered by Anonymous · 0⤊ 1⤋
No matter what, it is a buyers market, which is good for the middle class and time for some to get out of dodge.
2007-08-17 15:28:47 · answer #3 · answered by Anonymous · 1⤊ 0⤋
You'd think people had never even heard of the business cycle...
Yes, thanks to greed (or self-interest as economists prefer to call it), America has enjoyed a period of robust economic growth. That can't go on for ever, but, again, thanks to greed, people bet that it can, and that gets you a recession.
Business Cycle.
2007-08-17 15:30:27 · answer #4 · answered by B.Kevorkian 7 · 0⤊ 1⤋
yes. Then the market will boom again, and then have another ression. and again and again and agian.
2007-08-17 15:28:28 · answer #5 · answered by Anonymous · 2⤊ 1⤋
how does greed lead to a recession?
does gluttony?
does wrath?
2007-08-17 15:31:08 · answer #6 · answered by WJ 7 · 0⤊ 1⤋
I think you mean recession, and yes. I do think so.
2007-08-17 15:30:21 · answer #7 · answered by M2 3 · 0⤊ 1⤋
do you mean recession. if you mean recession no.
2007-08-17 15:28:10 · answer #8 · answered by Anonymous · 0⤊ 1⤋