A new recession?
By WATARIKENJI
@WATARIKENJI (1534)
Philippines
5 responses
@magtibaygom (4858)
• Philippines
22 Jul 10
You mean to say the rich are hoarding money? That they should spend more to revive the slowing economy? If that's true, the government really need to persuade Bill Gates and Warren Buffett to frequent Mcdonalds to save the economy!
This too will make Ray Kroc extremely happy!
@magtibaygom (4858)
• Philippines
22 Jul 10
Oh, sorry I forgot Wendy's. They should invite Donald Trump and Oprah in their eating and shopping spree! Mornings in McDonalds, lunch in Wendy's and supper in KFC!
@christiana81 (717)
• Romania
23 Jul 10
I really hate the recession. My salary will be diminueted, the prices will grow!I hope the recession will end soon!
1 person likes this
@WATARIKENJI (1534)
• Philippines
24 Jul 10
hi
They said that we are still in the middle of the recession, so some belt tightening measure is needed
Regards
@thedailyclick (3017)
•
21 Jul 10
I suppose technically we are heading for another recession but realistically the world has not recovered from the last one and as such the volatile state of the economy puts us always close to the edge of another one.
And I don’t see this really changing for many years to come, countries will suffer a recession and slowly creep out of it only for a few months later to fall back into it. The world’s economy as a whole is in a huge mess and it will take a lot more than quick fixes and a few months to sort this out. It wouldn’t surprise me if we are looking at 5 years of belt tightening as things get sorted out in a proper long term way.
1 person likes this
@WATARIKENJI (1534)
• Philippines
22 Jul 10
Hi
It was a nice analysis. he world economy is not getting better because of imbalances in the economic system of many countries.
In the years to come, people should understnad that greed is not the best option in order for the world to recover.
Regards
@faisai (1138)
• Hong Kong
21 Jul 10
The market is not as strong as it was last year is for sure. That's because the government is not backing the market as hard as it used to be.
But are we heading to a 2nd recession? A better question to ask is if we really are heading to a 2nd recession, what would the government do. Is it the government will just sit there and let it happen or it will intervene again so that the "recession" is not that tough to handle?
Me, I have no answer as I simply can't predict the future just like I can't foresee the collapse of the financial market in 2008.
1 person likes this
@getbiswa2000 (5544)
• India
21 Jul 10
Hi,
I don't think its another recession. Its just that the economy has been unstable. This instability will stay a little longer. There will be ups as well as there will be downs. The policies that the governments are taking in order to recover from this recession were not from any theory. They are just experimenting with the economy and indeed there is no other way to restore the stability. When the recession first struck people got panicked. In order to alleviate the market condition government made some hasty decisions. That was kinda temporary support to our economy. Then the professionals came forward. They are still experimenting. Hopefully the recession will end in coming years. Its an inevitable end of one economic cycle. That is why they are taking some counter cyclic measure. Thanks.
God bless you
1 person likes this
@WATARIKENJI (1534)
• Philippines
22 Jul 10
hi friend
the experiment have a positive effect but lets just hope that it is long lasting.
the Stimulus is a big gamble on the part of the US government. Large corporations that was known to be thriving was actually bankrupt.
the experts must be very careful in decision making
regards