Categories
- Beauty & Style
- Computers & Tech
- Education & School
- Entertainment
- Environmental Issues
- Food & Dining
- FunAdvice Community
- Gaming & Games
- General Knowledge
- Health
- Home & Garden
- Jobs & Money
- Kids
- Love & Relationships
- Music
- Nutrition & Fitness
- Parents & Family
- Pets & Animals
- Politics
- Religion & Spirituality
- Science
- Shopping
- Sports
- Travel
- Writing & Literature
It's not a recession per se, as much as it is being on the brim of complete financial collapse. The administration is taking panic induced drastic steps to inflate our way out of trouble; lowering the fed funds rate by almost a full point in a day (unheard of!), an emergency tax rebate package, under the table guarantees for Bank of America's buyout of Country wide, etc.
These measures might buy time to heal the zero down ARM mess, but they will come at the expense of higher prices and stagnant wages across the board. This same formula resulted in the dreaded 'stagflation' of the late 70s.
1 person thought this was helpful
Answer this Question: "Are we in recession or on the brink of recession?"
Popular questions related to Are we in recession or on the brink of recession?
- Average monthly cost of living?
- How can I get a truck-driving job with a felony?
- Can creditors call even after you ask them to stop?
- Where do I find people who need a babysitter?
- I'm thinking about becoming an escort
- How much do 14-year-olds get paid?
- New us dollar coin missing in god we trust?
- McDonalds Orientation
- Appropriate price for a house-sitter?
- How can I move out if I'm short on cash?
- Third-party harrassment from a Collection Agency.
- Michigan car accident (no insurance)
- Job interview questions help
- Can my wife draw off my social security?
- CDL Felon Truck Driver looking for a job
- Where can I get a job at 13?
Share this question
Copy and paste this code:It will display on your blog or site like this:
Are we in recession or on the brink of recession?
 
Are we in recession or on the brink of recession?
I feel as if Recession is already going on and may be we could come out of it soon... What do you think? Are we in recession or on the brink of recession?