| Economic Recession | | | | recession coming for several years now, although it |
| An economic recession is ugly. Consumers lose their | | | | was hard to predict just how hard and how fast we'd |
| jobs, lose their homes, file for bankruptcy and tighten | | | | fall or what is the real causes of economic recession. |
| spending. Businesses shed jobs, cut wages, lay-off | | | | Mere months before the bottom fell out, causing |
| employees and collapse. Lending institutions have | | | | enormous financial institutions and mortgage giants |
| trouble collecting from debtors and this dries up their | | | | Fannie Mae and Freddie Mac to collapse, Treasury |
| liquid assets. Investors see drops in profits and | | | | Secretary Henry Paulson was quoted as saying, "the |
| nervously pull their money out. As a result, our Gross | | | | fundamentals of the economy are sound." In |
| Domestic Product declines and our nation as a whole | | | | Economics 101, students learn the signs of a recession, |
| becomes poorer. Is there no end in sight for our | | | | which are job losses, exports support manufacturing, a |
| current despair? Global economics experts have a | | | | drop in housing prices, a decline in profits, limited impact |
| thing or two to say about the current crisis. The start | | | | of short-term stimulus dollars, rising inventories, artificially |
| of ending the recession is to stop focusing on the | | | | low interest rates which to some are some of the |
| causes of economic recession and look for the | | | | benefits of economic recession, lack of buyer |
| benefits of economic recession. | | | | confidence and lack of investor confidence. |
| Anyone who studies basic economics saw the current | | | | |