Is there really a financial crisis?
By costas1234
@costas1234 (195)
April 29, 2009 3:26pm CST
At large I think that there is no financial crisis. It is fair to say that higher levels of unemployment have become apparent in local newspapers and in the media. However I think the tide has turned where employment levels are increasing. The better weather and the economic stimulus packages are slowly filtering through the global economies. Somehow what is written in the media is I feel written with some bias and spin and therefore some newspaper reports can not be taken too seriously.
1 person likes this
2 responses
@clorissa123 (4926)
• United States
29 Apr 09
Well, lucky for you to say so. Because you are probably the one still holding a job without concerning tomorrow. Many people are without home, and relying on government aides. You have to see those people with your own eyes before you truly believe what crisis is look like.
1 person likes this
@costas1234 (195)
•
2 May 09
No the reason I posted this review, was to give a general overview of the situation at large. I do not have a job at the moment, though I did have a job where the 5 year council cleaning strategy came to an end. I wondered why this was the case when I started my job. I was in a situation luckily where I had some savings and good parents behind me. My opinion was that there is a credit crunch though I think the society is or will show signs of recovery and the recovery will be quite significant.
@KrauseHome (36448)
• United States
5 May 09
Personally if you are feeling this way, you must be living somewhere where things are better than in a lot of areas. For some people things might be improving but there are a lot of places around here, that are continuing to lay off, and people having to pinch pennies a little more for sure. It would be nice if there was a quick solution to all of this to where the Financial crisis, housing situation, etc. would end, but I think we are still quite a ways off for sure.
