What do you think are the True Reasons the Economy Are Slowing Down?

United States
November 8, 2008 5:20pm CST
So What do you think are the True Reasons the Economy Are Slowing Down? Do you think it's Gas Prices? Or Our President? Or the Price Increase in well Everything? What do you truly think causes are economy to be so shaky? I would truly love to know your Take on things. So Please Share!
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1 response
@jewilim (495)
• Philippines
9 Nov 08
I think is is because people are afraid of speding and they minimize spending resulting to a slow down of circulation or a coutries money. In economics, the faster the money circulates the better the condition of the economy and the more it would improve. Another reason maybe is because of unregulated prices in the market, some private companies would try to overprice their goods to earn more income but they dont see that they are also harming the economy especially if they are monopolizing the industry. With high prices of goods, people would tend to spend less and save more leading to a slower circulation of a countries currency. There are some gas companies that try to overprice their gasoline because they monopolize the gas industry and so they know that even with their high prices people will still buy from them because there is no other place where people could buy gas but only from them. Another is high taxes, people pay more taxes but there are some corrupt officials that pocket those money instead of putting it to good use. Besides taxes there are also other deductions to an employees salary which totally sum up to around 20% deduction to ones salary. If a person earns $180 per month with all those deductions he would only be taking home with him $140 to pay for all his expenses and food for his family.
• United States
9 Nov 08
The Completely Makes Sense.