2007-11-09 18:28:32 · 12 answers · asked by PUNKIN' 3 in Politics & Government ➔ Other - Politics & Government
The recession began in 2000 and accelerated in 2002 and has not really ended if you compare GDP growth against purchasing power across a basket of essential goods.
This blog is a good primer for "Real" dollar economics - these are the numbers international financiers are looking at because they don't waste time with government statistics (lies)
http://services.thebankruptcynews.com/blog/?p=110
If you consider the rise of the Dow against the fall of the dollar and historical trends, I would say the big crash is about to come...
See, much like in the 1920s, a natural recession was "paved over" with government propaganda about a strong economy hidden behind obviously faked statistics and cheap credit.
You cannot tell me with a straight face that inflation was 2.1% last year when energy, grocery, tuition, rent, and medical care are all going up by 15-25%. Yet, the government announces we have 2.1% inflation and social security beneficiaries will only get a 2.4% (or whatever) increase in pay.
I hate to be the one to say it, but the standard of living in this country is about to go way down, and its probably going to be a quick drop...
2007-11-09 18:46:16 · answer #1 · answered by freedom first 5 · 0⤊ 1⤋
about 5 years ago, I started to fall into a really depressive episode. At first I thought it was only because I had a bad break from a relationship but the feelings wouldn't go away even after I got a new girlfriend. It was wrecking my life until a point where it was seriously affecting my work and personal life.
She was very worried but at the same time couldn't understand why I was still sad and thought that I still couldn't let go of my previous relationship. Being the wonderful person that she is, she put aside her feelings and suggested I go for psychiatric evaluation. Many months later and even more anti-depressants, I was not coming close to being better at all.
After doing some research online, I found out the real cause as you described it really makes a lot of sense and purchased this program. The results were simply astonishing. I read this book over three times and put all words in action. Using this method, I've kept my depression at bay ever since. Up to date I'm still living happily with my girlfriend.
Depression Free Method?
2016-05-16 09:06:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Recession's already here.
We just haven't seen the full effects of it just yet.
If the market meltdown does go global (which some people have said is already popping up in countries like Australia and the UK), it will induce another wider recession.
But if things continue to get WORSE, then a depression is most likely to happen.
2007-11-09 18:38:12 · answer #3 · answered by Anonymous · 2⤊ 1⤋
It turned right into a porportional boost in taxes that solved the commercial ruin "inherited" through Reagan plus the de-regulation of agency which talked about an boost in revenues and later the eliminating of those taxes. If as you declare inflation changed into on par with our client fee index, we doesn't be having this communicate considering shall we be exhibiting economic boost, and more suitable gasoline expenditures through OUR USE, no longer China and India, and our flesh pressers ought to have that "revenues" coming in via more suitable revenues taxes, the living house marketplace must be on its way up, and so on and so on. yet we do no longer have this... in case you word, oil is offered utilising the dollar as a common yet when Moody's or the S & P downgrade the dollar, China, who makes use of extra oil than we do of their burgeoning economy (9% boost at very last list), than we are able to lose our "maximum famous overseas money/u . s ." staus and likely the yuan turns into the hot widely used... No "information of a crash"? check out todays inventory marketplace... Warren Buffet is a left wing financier so do you extremely assume me to hearken to what he says anymore than you would to Trump? i think his middle call is CLINTON! The simpliest sayings your mom informed you about existence is ususlly the truest: do not SPEND more suitable than you've, stay previous YOUR skill, and do not flow INTO DEBT you won't be able to PAY again.
2016-10-23 23:19:40 · answer #4 · answered by granroth 4 · 0⤊ 0⤋
If the country spends more than it can bring, then your economy will not do well. Is a depression going to happen. Probably, unless Americans change their political thinking and drop the fear of terrorism.
2007-11-09 18:33:15 · answer #5 · answered by Chachee 4 · 3⤊ 1⤋
It's very possible. There could be a recession triggered by the housing market crash similar to the one triggered by the Dotcom crash at the end of the 1990's.
2007-11-09 18:31:54 · answer #6 · answered by Anonymous · 3⤊ 1⤋
Economy is a cycle of ups and downs. The last few years have been ups and the next few are going to be down but then there will be another up...
If you are smart i believe that you can know exactly how to find good business opportunities even in a hard market.
Good luck.
2007-11-09 18:32:07 · answer #7 · answered by ph p 1 · 1⤊ 3⤋
I agree. Especially, with gas at $3.29 per gal. as of yesterday in midwest. I can't wait til Bush leaves office.
2007-11-09 18:35:07 · answer #8 · answered by cgirl97 4 · 2⤊ 1⤋
You're right. This was in the news yesterday. Watch it:
http://www.youtube.com/watch?v=yAwvlDJgJbM
2007-11-09 18:58:35 · answer #9 · answered by Bloatedtoad 6 · 0⤊ 1⤋
I think we are in it but it is being covered up by excuses.
2007-11-09 18:32:08 · answer #10 · answered by 2complex 2 · 4⤊ 1⤋