Within the past few weeks, the U.S. economy has been going down the hole. The Lehman Brothers have gone bankrupt, Goldman Sachs has taken a big hit, major stock indexes have lost tons of points, Fannie Mae/Freddie Mac was taken over by the government etc.
Personally, I believe the economy will further worsen even though the government is implementing a plan to fix this crisis. Stocks will fluctuate, oil and other commodity prices will increase, and the U.S. economy will slow down in my opinion.
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2 comments:
As of recently, there has been so much talk about the economy. I watch it by keeping track of the rising and falling gas prices and its getting really scary to look at the future because it looks so grim. Hopefully we wont have to live through a 2nd great depression but the way things are looking right now, a 2nd great depression seems completly possible.
The economy has been becoming worse over time with no sign of getting better. Its true that prices are going up in just about everything. Still interest rates are relatively low. Many (as Kevin stated) business are going out of business. As well as AIG coming very close, but was saved with a great loan. In time I believe the economy will get better. I don't think that there is any sort of possibility of a second great depression, the government and the fed will take any measure to prevent this.
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