The state of our economy
February 13, 2009 · by Deepanshu Girdhar
“Times are tough and it only gets worst by day”. For the past week am avoiding watching any news on CNN as it only depresses me more to see the condition of our economy. To add to the misery the unemployment rate is increasing every day and the new $800 billion so called stimulus bill has no gaurantee that it would get us back on track or not.
So what do you guys think…..
Is this stimulus going to work?
Is the economy going to recover in 1, 2 or 4 years.
Share your thought!!
Filed in: Team Member Blog Comments (3)
Comments
One of the things I was thinking about is that the economy recovery or collapse will depend on expectations (which are subjective) of the economic agents, meaning families, companies, government or the rest of the world.
The time frame who knows may be between 1 year to 5 or 10 years from now to see a similar environment that we saw in the period of 2003 to 2007.
- #3 - Jose Lopez said on Feb 27, 2009:
- It is very difficult to predict the future. Currently, we are seeing that the employment rate is increasing, so that trend is not very favorable for a recovery now. People might have the expectation of being laid off so they start consuming less goods and services. This is not good for the US economy that relies heavily on the demand of goods and service to grow.
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Commenting is not available in this section entry.One of the things I was thinking about is that the economy recovery or collapse will depend on expectations (which are subjective) of the economic agents, meaning families, companies, government or the rest of the world.
The time frame who knows may be between 1 year to 5 or 10 years from now to see a similar environment that we saw in the period of 2003 to 2007.