In my area, business has been picking up, slowly but surely. The other day, I overheard a business man saying that his business was picking up a lot and he needs the extra help but does not want to hire anyone because he heard that we were going to be entering another recession soon. Do you think that because of the media talking non-stop about another recession that we will be more likely to go into another recession than if it wasn't talked about so much?
A side note- this reminds me of what my economics teacher told me in high school. She said that every time Alan Greenspan spoke, the stock market went down that day.
Answer by layh41407 at 6:51 PM on Jul. 5, 2010
Answer by outstandingLove at 6:52 PM on Jul. 5, 2010
Answer by itsmesteph11 at 6:57 PM on Jul. 5, 2010
Answer by outstandingLove at 7:01 PM on Jul. 5, 2010
Answer by jesse123456 at 7:14 PM on Jul. 5, 2010
Answer by mamaofficer at 7:17 PM on Jul. 5, 2010
Answer by QuinnMae at 7:23 PM on Jul. 5, 2010
Answer by stacymomof2 at 7:34 PM on Jul. 5, 2010
It's a possibility, but not the only possibility. It's hard to be optimistic when we have an enormous oil spill going on 75 days, two wars with no end it sight, real unemployment is 17%, housing values are still low, and the stock market is volatile.
Answer by mancosmomma at 7:40 PM on Jul. 5, 2010
It doesn't help.
But honestly, I just can't believe its getting so much worse. People were PACKED into BEST BUY, they lined up for HOURSE to spend a few hundred on an IPHONE.....I can't help but wonder how many of THEM were unemployed and blowing this cash.....not paying their mortgage,,,,,,
Answer by sweet-a-kins at 7:55 PM on Jul. 5, 2010