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Gatsby
Joined: 09 Feb 2007
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 Posted: Sat May 30, 2009 6:46 pm Post subject: News story of recession in USA is simply a hoax |
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Economic recession in USA is simply a hoax
All world stock markets are raging. The US economic recession has been a severe blow to the world. Financial analysts say that the USA is the main reason behind all financial problems in the world. Many of them say that it is only the beginning of the crisis.
However, other specialists simply laugh at those who panic. They believe that there is no recession in the US and there cannot be any. Nevertheless, they see a positive side about the present panic: best shares in the world are now available at very low prices, which is an extremely low occasion.
Successful U.S. investor Jack Miller feels certain about it. He receives great profits from fluctuating markets and recalls US post-war history of the USA.
During the past 50 years the USA suffered eleven crises acknowledged as recessions. They were caused by significant factors, and their consequences were much more serious than the present ones.
The 1945 recession was caused by the end of World War II, from which the American industry profited openly. The war ended, and former soldiers turned into the unemployed. Later the American economy suffered from the Cold War (together with expectations of the nuclear apocalypse), the Korean and Vietnam Wars, which was disastrous for the USA.
The rising prices of oil created economic crises in the USA in 1973-1974, 1979-1980 and 1981-1982. The recessions in 1990-1991 and 2000-2001 were associated with the investment crisis, or in other words, with the unjustified hopes of investors.
Peculiar features of recession include the rising unemployment factor and the decline of production.
The previous crisis between the two centuries (which is considered a mild crisis) was characterized with the six-percent reduction of the industrial output. The current situation shows that the production in the past quarter increased by two percent, it did not drop at all.
Jack Miller also calls attention to the unemployment rate. A rise in unemployment by basis points (up to five percent) at the end of 2007 caused a drop in stock markets before the New Year holidays. However, everyone chose to forget that for the past 50 years the average unemployment rate equaled 5.6 percent, and during the crisis it fell up to 7.6 percent at the most.
This cannot be considered a recession, claims Jack Miller looking at the fundamental rates. |
http://futurismic.com/
Last edited by Gatsby on Sat Jun 06, 2009 9:36 pm; edited 1 time in total |
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Robot_Teacher
Joined: 18 Feb 2009
Location: Robotting Around the World
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| Posted: Sat May 30, 2009 11:47 pm Post subject: |
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Economics is a human engineered social system. It's possible to for the economy to be booming a bull if there's the oil and resources like human capital to support it and there are plenty of resources available that are either being under utilized or not used at all. Under utilizied is a college grad selling clothes for $8/hour and unused is anyone who wants to work, but can't find work.
This crisis was engineered by the billionaire speculators and CEO's in their own interest of lining their pockets since $1 million or $100 million a year isn't enough to satisfy their power tripping greed. We could all be doing quite well, at least a living wage with basic needs met, but it's all bad when it comes to economics these days, because bad people with bad intentions are scooping up more and more of the wealth where it goes into fewer hands while not giving back to the people and communities. Sure Bill Gates gives back, but billionaires need to be giving back in the form of investing in the developing people and and alternative technologies as well as new factories in place.
Capitalism was not simply meant as a way for the the rich to get richer, but as a social system for those willing to get an education and go to work or just work with the intention that the sky is the limit with anything possible if you put your mind to it. No so anymore. You can do all the right things and then still be homeless. Capitalism has long been seen as better than socialism in that you can achieve upward social mobility, but as the middle class/ranks have been cut out of companies, you have the working poor and then the executives not counting individuals who inherit money. These days a store manager is considered working poor or at best, lower middle class like a teacher, but works much much harder long hours with greater responsibility. Business and economics is hard. Hard doesn't even put it into proper perspective. Might need to use a Big B word for that. It's a B.... |
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