Why do you think that the US economy is slowing down?
By rachit8top
@rachit8top (24)
India
December 21, 2006 11:52am CST
During the recent past we have seen that Uncle Sam has been facing a setback on its economic front. With trade deficits and interest rates going northwards and greenback(dollar) value declining as compared to euro and other currencies of the globe, the world is no more unipolar. Also, emerging economies like BRICs have been making life miserable for US businesses.....What else do u ppl think has been the reason for this slowdown? All opinions invited in favor or against...
2 responses
@dhn1975 (91)
• United States
30 Dec 06
Hey, I totally agree with you that the us economy is going down. I'd post some links on here but cheesey mylot forbids me to paste, but that's a whole different story.
but anyway, if you don't need food, housing, gas, or precious metals, then you'll realize there's no inflation. in other words, food (unless you eat that additive-preservative infested crap) is up, gas is up, precious metals are up. Housing has gone up drastically the past several years, and that sector is finally starting to bust. healthcare is up. college expenses are up. anything that's required to live has gone up. And they say there's no inflation? yeah right.
also, i've read a few reports that crime has gone up. again, i'd post the links, but mylot stinks. crime always goes up whenever the economy goes down. dumb people will say that well the stock market has gone up to records, but they don't realize that during high inflation, there's an excess of liquidity, so for the short-term, it will go up, but that's just a mirage.
@valmiki (84)
• India
30 Dec 06
Well i have heard some comments from experts on CNBC that the main reason for the US economy to slow down is that the US consumer is slowing down. I mean the purchasing power of the US is getting weak.