I want to know wat is recession and how will it be solved. and are people trying to solve it. and the last one when might it be reolved. Thank you i am ust curious.
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March 11th, 2010 at 7:12 am
I believe a recession is when you have about 6 months of negative growth. My business has gone from recessionary to depression. Suppose it depends on the business your in.
All you have to do is watch a business channel for about an hour and you will quickly see that everyone has an opinion on a solution.
My thoughts are that a few banks are going to fail and a few more homes are going to be foreclosed on before we see things to begin to turn around.
The good news is companys are restructuring for a solid recovery. Home prices have come down significantly this past year. Care makers are refitting production lines to account for higher gas prices.
Where all going through a transitioner phase at the moment.
Safe Travels and Happy Trails. . . .
March 11th, 2010 at 7:43 am
The guy above has a good answer, make sure to mark him as best answer. Or me, of course.
A recession can be defined as 2 straight fiscal months of negative GDP growth. GDP is the final value of all goods and services produced in the economy in a year. It is total Consumption + Investment + Gov. Spending + Net Exports. To get the economy out of recession, one of those needs to be raised.
The government can lower taxes, raise spending, send you tax rebates so you spend more, or the federal reserve can lower interest rates which will raise investments.
Thats as simple as I can make it.
hope it helped