us economy
By kumarmayank
@kumarmayank (10)
India
February 15, 2008 3:03am CST
In this globolised world every country's economy affects the economy of other . Its widely believed in develoing world that US is heading for a recession. Is this true and if yes what is the extent of this and what are its implication for developing countries like India
1 person likes this
2 responses
@asawako48162 (3321)
• United States
15 Feb 08
Yes, I have not seen the economy this bad and I am 63 and born in 1945.
I am retire but what effects one nation will effect many in the end.
It will be years before the economy will get back to normal.
I don't think I will see this in my life time but I hope I am wrong.
@kumarmayank (10)
• India
15 Feb 08
what do u think could be the possible reason for this slowdown and how could this have been avoided
1 person likes this
@asawako48162 (3321)
• United States
16 Feb 08
fear..the only thing we have to fear..is fear itself..FDR president of the US.1933
@asawako48162 (3321)
• United States
16 Feb 08
aLL THINGS MUST COME FULL CIRCLE
SORRY
all life and things must come 360 degrees.
depression, recovery, prosperity, recession.
When the United States has a cold the other countries have pneumonia (sp)_? flu?
fear is like a sickness..once people start to see the failure or slow down in one area it has a ripple effect around the world..due to our ever present global economy ..only now we see the effects faster due to computer and advanced communications..what effects one sector of the world will sooner or latter effect all..this will be the rise of a new Empire..as the US economy is drained to the MAX due to so many negative factors...but it will soon snap back but at a great cost and a lot of bleeding of money..yes, we will throw money at the problem..we already are in the form of government giving everyone some money to stimulate the economy..it is a little to late for that..but it will be the start as the new el Presidente is going to be a minority....one way or another and a liberal too
