I guess there are a lot of guys in DP from the states. They would be in a better position to answer dis question....especially finance oriented guys. Would appreciate your opinion on diz......
probably.. as even on the main news sources (wallstreet journal, cnn, ..) there have been articles and warnings about this the last weeks.
A few days ago warren buffet said: By any means of common sense us is in recession. So either you have not heard or ...................................
Depends on whether you are paying in US dollars or receiving US dollars nett. For me I am paying in US dollars so it is quite good for me as US dollars weakening means I can buy more with less. Even Bernanke and Bush concedes that the economy isn't doing that well and the Dow more or less confirmed the suspicions by being down day after day.
I say we are already in a recession and have been for some time now. The government will never admit it though. Any blue collar American already knows we are.
A recession is considered as 2 consecutive quarters of negative growth. Therefore you can say it is a slowdown as the indicators are lagging, we may be in a recession, but you will need to wait for the next quarterly indicators to come in before it can be confirmed.
If we look at the recent unemployment and non farm figure, it's really shocking. Every banks in the world are now diversifying their holdings and sell off dollars. Usually if the US is in trouble, that does not bode well for the rest of the world
*yawn*... the economy is largely just a part of your state of mind. Granted, it isn't doing very good, but I don't think the whole country is going to hell in a hand basket quite yet.
Recession is a reality in US...the signs were visible for quite a while unfortunately This situation is damaging the entire world because of the increase of all prices
Shouldn't the rest of the world be loving it? You can now buy american products much cheaper than you could two years ago, or at least I thought you could since the dollar has been devalued.
From the news some states are going down really hard (like Ohio/Nevada) but i don't see anything changed in New York, none of the ppl i know lost their job or losing their house. Business are doing ok. It look quite normal.
Normally when USA economy drops 1% the rest of the world will drop 1.5%. Sure that USA dollars goes down but so will your income.