"What a great site! I'm impressed by the great stuff you've pulled together. It merely confirms my long-held belief that economics CAN be interesting....
All the best"-
Charlie Wheelan,
aka The Naked Economist
Since were so dependent on foreigners....if they wanted to sabotage us...they could. maybe we should get a little yellow, orange, red warning system for acts of economics terrorism? I just dont get the big deal...recessions happen and from the sound of the article, were overdue for one and it might be beneficial for the world economy, and in the long run, good for us too! That sounds good to me...but maybe only because i dont intend to change my spending habits
The varrying ideas proposed by the economists in this article are interesting. i don't think american spending will lead to a plunge into a global depression..but laying off on the luxuries for a while definitely seems like a good idea, and not just for economic sakes. with our currency losing value, american exports will be cheaper and maybe the trend will reverse for a while and our ex- could catch (kinda) up with our imports. what i didn't really get from the article was: if other nations are not investing in other currencies, the euro especially, how will that effect our economy in the long-run?
This is very frightening news that America is heading for a great recession. We have all been so spoiled lately with the cheaper foreign goods to buy, that the consumers buying all of the imports have helped contribute to this recession. However, because of the trade imbalances, this recession is necessary to bring our exports back up. Although this is going to hurt our luxurious shopping for cheap goods, in the long run, this recession will be beneficial for the us
well, to start with, it seems like every few months some new impending crisis arrives and america goes into a panic. a month or so later, the crisis never came, and worry goes away. like the bird flu for example, or even our MRSA scare. so, is this fear of the dreaded recesion really something to get all worked up over? what happend to the invisible hand of the market place idea?
if this recesion is a real threat that will effect the whole world, why doesn't the whole world do something about it? oil rich nations need to start buying US dollars, not euros. exporters whose products we buy should lower rates so we can still afford to purchase their products. for such a huge problem that will apperentally affect their economy, the other coutries don't seem to be doing very much.
“When the United States sneezes the rest of the world gets the cold. And since the United States will not just sneeze, but is risking a serious case of protracted and severe pneumonia, the rest of the world should start to worry about a serious viral contagion.” we will be effected by a recession because many more people will be without a job and people will save more of their money in fear of the recession. But since the United States is one of the main sources of trade for many countries, they will be effected by the United States having a recession also.
This article covers many important topics that all economists/future economists (aka us students)should know. With the american dollar depleting and the american people become more and more in debt, recession is inevidable. however, the recession may have some positive effects on americans, such as balancing our trade imports and exports.
I get annoyed when I turn on the tv and see a news story about people from England coming to America to shop for cheaper goods. We, in America, should be able to afford anything we sell in the U.S, and recently it has not been looking that way. The recession is scary.. I know that my mom, a real estate agent, has lost a lot money because of it. People aren't buying houses as they used to, the market has slowed. Though the writer points the positive effects of the recession, I still am scared because I am a typical teenage American who does not know much about the economy... I just want to be able to shop.
The declining cost of the dollar is a very bad. Not only is the dollar lowering in value but goods, especially oil, have quickly rising prices which is bad news for low and middle class households. As the article said, the economy holds great resistance to possibly bleak problems, but we still need to take steps now to help raide the value of the dollar and to prepare for the worst case scenario: a major recession.
In our globalized economy the US is a spark around wood. Pardon my cheesy saying. If the US market declines, everyone else falls with it. As business continues to slow, investments in third world countries slow as well. These countries would look for other buyers but lose a huge percentage of their profit since no one else consumes as much as the US. In this prediction, employment and economic activity will drop forming a worldwide recession.
I believe that there will be a ression thus causing us to get a recession. this is due to everyone saving there money thinking that a recession is near. we will be endanger of our dollars value decreasing by a major amount.
11 comments:
Since were so dependent on foreigners....if they wanted to sabotage us...they could. maybe we should get a little yellow, orange, red warning system for acts of economics terrorism?
I just dont get the big deal...recessions happen and from the sound of the article, were overdue for one and it might be beneficial for the world economy, and in the long run, good for us too! That sounds good to me...but maybe only because i dont intend to change my spending habits
The varrying ideas proposed by the economists in this article are interesting. i don't think american spending will lead to a plunge into a global depression..but laying off on the luxuries for a while definitely seems like a good idea, and not just for economic sakes. with our currency losing value, american exports will be cheaper and maybe the trend will reverse for a while and our ex- could catch (kinda) up with our imports. what i didn't really get from the article was: if other nations are not investing in other currencies, the euro especially, how will that effect our economy in the long-run?
This is very frightening news that America is heading for a great recession. We have all been so spoiled lately with the cheaper foreign goods to buy, that the consumers buying all of the imports have helped contribute to this recession. However, because of the trade imbalances, this recession is necessary to bring our exports back up. Although this is going to hurt our luxurious shopping for cheap goods, in the long run, this recession will be beneficial for the us
well, to start with, it seems like every few months some new impending crisis arrives and america goes into a panic. a month or so later, the crisis never came, and worry goes away. like the bird flu for example, or even our MRSA scare. so, is this fear of the dreaded recesion really something to get all worked up over? what happend to the invisible hand of the market place idea?
if this recesion is a real threat that will effect the whole world, why doesn't the whole world do something about it? oil rich nations need to start buying US dollars, not euros. exporters whose products we buy should lower rates so we can still afford to purchase their products. for such a huge problem that will apperentally affect their economy, the other coutries don't seem to be doing very much.
“When the United States sneezes the rest of the world gets the cold. And since the United States will not just sneeze, but is risking a serious case of protracted and severe pneumonia, the rest of the world should start to worry about a serious viral contagion.”
we will be effected by a recession because many more people will be without a job and people will save more of their money in fear of the recession. But since the United States is one of the main sources of trade for many countries, they will be effected by the United States having a recession also.
This article covers many important topics that all economists/future economists (aka us students)should know. With the american dollar depleting and the american people become more and more in debt, recession is inevidable. however, the recession may have some positive effects on americans, such as balancing our trade imports and exports.
I get annoyed when I turn on the tv and see a news story about people from England coming to America to shop for cheaper goods. We, in America, should be able to afford anything we sell in the U.S, and recently it has not been looking that way. The recession is scary.. I know that my mom, a real estate agent, has lost a lot money because of it. People aren't buying houses as they used to, the market has slowed. Though the writer points the positive effects of the recession, I still am scared because I am a typical teenage American who does not know much about the economy... I just want to be able to shop.
The declining cost of the dollar is a very bad. Not only is the dollar lowering in value but goods, especially oil, have quickly rising prices which is bad news for low and middle class households. As the article said, the economy holds great resistance to possibly bleak problems, but we still need to take steps now to help raide the value of the dollar and to prepare for the worst case scenario: a major recession.
In our globalized economy the US is a spark around wood. Pardon my cheesy saying. If the US market declines, everyone else falls with it. As business continues to slow, investments in third world countries slow as well. These countries would look for other buyers but lose a huge percentage of their profit since no one else consumes as much as the US. In this prediction, employment and economic activity will drop forming a worldwide recession.
I believe that there will be a ression thus causing us to get a recession. this is due to everyone saving there money thinking that a recession is near. we will be endanger of our dollars value decreasing by a major amount.
Going into a recession sounds bad. Isn't there also a chance for inflation because of the low interest rates. Which means stagflation. Now I'm scared.
It's funny how one nation can effect the world, but also scary.
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