are we on economic recession already?
By arnoldream
@arnoldream (1332)
Philippines
October 21, 2008 5:34am CST
with all the signs of the market plunging and the banks and financial institutions declaring bankruptcy and the bailout move the government is doing to help the ailing financial institutions..are these thing telling us that we are already on recession? or we are just over reacting to a thing that is just created because of some political and business reasons...anyway whatever it is the people are already on fear about this issue and the market is very much affected by the fear in the part of the investors over the possible downtrend of the economy and shaky stock market trend...what can you say about this issue that captivates pages of your daily papers..
2 responses
@Arkie69 (2156)
• United States
21 Oct 08
We are very much in a recession. We have been for several months now. The government has been lying to us about the true health of our economy. Our economy has been on the way down for a couple of years now. The housing market was the first real sign we were in trouble. Also the sharp increase in prices was another sign but most people didn't pick up on that one. They just didn't see the ways increased prices effect our economy.
Our economy has reached a point where it is depending on on the sales of far too many junk items. Anything that that we don't really have to have to survive can be considered junk items. We were spending way too much money on items we wanted rather than the things we really needed. As prices increased most people have had no choice but cut back on the junk they have been buying. This started putting a serious strain on our economy. As prices have increased we have had to cut back even more. This will continue to a point where many of the people that are producing and selling these junk items are forced out of business. A lot of jobs depend on the making of these junk items and that will put a lot more people out of work.
Why are prices going up so fast now? The price increase on the things you and I must have to survive has mostly been caused by the price increase of the motor fuel. It isn't the price of gasoline we use to get to work and but but rather the diesel fuel that runs the trucks that haul all our consumer goods. The trucking companies have been forced to raise the price for their services to survive the price increase in diesel fuel. This has caused a domino effect in the cost of everything. This will continue until every thing crashes. It has already gone past the point where diesel fuel has anything to do with it. At this point a crash is the only thing that will stop it. We are in the early stages of run away inflation and the longer we go the faster this will increase. If you think you are not ready for a crash then I suggest you start getting ready. The most that all the money that is being poured into our economy in the name of a bail out can do is just drag it out longer. It will not stop a crash.
1 person likes this
@arnoldream (1332)
• Philippines
21 Oct 08
i do agree on your comment about this issue..and to say this thing plainly is very hard in the side of the government for this will create a unprecedented negative reactions on the public..and this bailout thing is just doing some patching work over a worn out and hopeless case economy..and i dont believe its working right as they print it over the pages of our news papers...actually i'm making some compilations lately of these news summaries and one thing is surely happening, the economy is loosing the grip and the people is gradually feeling the effect...
http://www.freewebs.com/arnoldream/index.htm
@zoneday (142)
• Malaysia
31 Oct 08
No doubt, we are in recession, a lot of government announce their countries are in recession. A big economic, US have economics crisis, so everyone are affected. One of the reason that the stock market index decline is because of the companies' profit are affected, so......

