Is the crisis gone?
By katie0
@katie0 (5203)
Japan
5 responses
@asyria51 (2861)
• United States
21 Jun 11
My town was not hit all the badly due to the fiscal responsibility of State Farm. The headquarters are just 20 minutes north of where I live, and quite a few people in my community work there. OR in the town where it is headquartered. They (to my immediate knowledge) did not have huge lay offs at the onset of the economic down turn, and have started hiring new positions. They did have a hiring freeze for a short time.
My husband and I are steady. WE are not putting as much money into retirement or rainy day funds as I would like, but we have a good budget that we can realistically stick too, we were able to buy a new USED car, a prius so we get great gas mileage compared to my husbands old gas guzzler.
If people lived within in their means, instead of going out and buying that 500,000 dollar house or that 65,000 dollar car, the economy would not be in the position it is in now. People would not be defaulting on loans to the extent that they currently are.
1 person likes this
@anklesmash (1412)
•
21 Jun 11
No we are far from being back to normal financially .the main reason for this is most governments are cutting spending in order to reduce defecits in the uk this is causing unemployment in the public sector as government departments have to function on their reduced budgets as a response several unions have organised strikes for the end of the month
@nezavisima (7408)
• Bulgaria
21 Jun 11
o I think that sometimes things are very slant.
News that many speculate.
I think there is a crisis but a lot of things are not as they say.
Have a nice day!


