What is your 2007 economic forecast?

@polachicago (18716)
United States
August 15, 2007 8:07pm CST
With Dollar decline, are we facing next recession?
4 people like this
9 responses
@men82in (1268)
• India
16 Aug 07
It cannot be define as decline it is an temporary economic weakness due to more spending towards war and for defence it is my hope .
2 people like this
@polachicago (18716)
• United States
16 Aug 07
this economic weakness is alrready to long....
1 person likes this
@butterfly39 (3904)
• Philippines
16 Aug 07
it's always stay that way...no salary increase...and everything is increasing.
2 people like this
@polachicago (18716)
• United States
16 Aug 07
not always, but for sure for last 2 years, Dollar is declining to Euro and American Dream is stolen.....
1 person likes this
@Idlewild (6090)
• United States
18 Aug 07
I don't think we're facing a recession--the U.S. economy still seems pretty strong--but with the Federal REserve reducing interest rates the other day, I'm wondering if that might lead to more inflation. The whole scandal with the sub-prime loans is going to hurt some investors, banks, and homeowners because of losses from bad loans, and for homeowners it may be harder for them to get credit to buy a home, for fears that they may default.
1 person likes this
@polachicago (18716)
• United States
18 Aug 07
tell me more....I know all about loans......not good at all....
1 person likes this
@Lakota12 (42600)
• United States
16 Aug 07
am not sure on that but when Light company ups price by 25% and gas up a person on SS just isnt going to make it with the 2% or #5 raise they get a year . Takes it all to pay bills and nothing to eat on
1 person likes this
@polachicago (18716)
• United States
16 Aug 07
agree, it looks like people in America are not doing very good at all compare to Europe...it used to be other way around....
1 person likes this
@Lakota12 (42600)
• United States
16 Aug 07
looks like alot over seas people got it made then others not so good I talk to several in Englad are close to the boat I am in
1 person likes this
@mipen2006 (5528)
• Australia
20 Aug 07
The price of gas will probably increase. The dollar has recovered against many currencies, and I believe the US economy is strong enough to avoid a recession, however expext to feel the cost of filling your car hurting your pocket.
@polachicago (18716)
• United States
20 Aug 07
yes, it already does...gas is already to high...
1 person likes this
@dpk262006 (58675)
• Delhi, India
16 Aug 07
Yes, Dollar will decline, as it is declining now a days...the trend is likely to continue.
1 person likes this
@polachicago (18716)
• United States
17 Aug 07
this is what they say...
1 person likes this
@Lydia1901 (16351)
• United States
7 Dec 07
Well, I didn't know that we had a dollar decline. I guess I don't pay that much attention to economics at all. I guess I should sometimes. Thanks for sharing this by the way.
@vhmehta (621)
• United States
16 Sep 07
No there is no recession or great depression coming according to me.. This is a set back and yes it is quite a big setback but for a country that is waging two wars with extravagant spending a low time in stock market is bound to come.. These mess was started by home loans mess.... The retail and fastfood sector are still doing quite well which comes to show that people still have enough money to spend. So I dont think depression is in our near future... I also feel that FED should not try to save stock market by decreasing rate because that could increase inflation....
1 person likes this
@adidas7878 (1891)
• United States
16 Aug 07
well we can buy gold and save them, and it will actually make us money in the furture. am i right?
1 person likes this
@polachicago (18716)
• United States
17 Aug 07
I am not sure about it....
1 person likes this