Are we heading towards a depression?
I keep hearing different things. One week it's: we are on our way to recovery! Another week it's: Greece could default throwing the world economy into chaos and the US economy into double dip recession!
Will the US economy recover in 2012 or are we headed for a depression and negative growth?
I think its the 'Aftershock' going into effect, after the recession.
May be the next global meltdown!
Best Regards
They don't call the Economics the dismal science for nothing! For years Economists have been warning global dominance in monetary holdings and "bubbles bursting" could cause chaos. The up/down is the media and the stock market doing the cha-cha along with the sound of politicians and world leaders. The issue at hand is who stands to benefit if there is a depression? Its hard to imagine that some entities may want a depression as it will be to their benefit if they can orchestrate things their way and the jockeying for position is what is being seen now. While the Economists disagree on what the proper methods are and well meaning and not so well meaning try to help things along (for the benefit of the many or for their own gain). Its hard to say where it will all lead. It's important for everyone to keep their heads on straight and do their part in a positive rather than negative way giving up or giving in to the mass hysteria is not the answer. Support and vocalize business growth of both small and large businesses (like it or not companies must be profitable or they don't need employees, if employees aren't needed there is no work and if people aren't working they aren't buying things...If Apple's iPad wasn't profitable there wouldn't have ever been iPhones and iPads...). Keep a positive step forward don't give in and hold back on living, working, hoping and dreaming.
Not sure about the US, but one thing is for sure; if the US gets a cold the rest of the world sneezes. Europe may under normal circumstances be better placed to avoid a recession simply because one happens in the US, because Europe has become less dependant on trade with the US than it used to be.
But the current economic problems seem to be worldwide and stem from debt. We will all recover from it one day, depression or not. And when we do we have to make sure that we don't go down this route again. That means governments have to be honest with voters and not try to fool them into thinking they can spend an ever decreasing tax take on more and more commitments. The public do not mind paying tax if they are getting the services they voted for. We should pay for them, not borrow for them.
by Jack Lee 8 years ago
Do you think we are already in a recession?Some data seems to indicate we are already in a recession in 2016. What do you think?
by Ralph Deeds 13 years ago
Floyd Norris, NYT chief financial writer thinks so.It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again. The unrelenting negative economic news of the past two weeks has painted a picture of a United...
by Scott Belford 10 months ago
There is good inflation and their is bad inflation. What we experienced from 2009 - 2021 was the good type of inflation, between 1 and 3% a year. What we are experiencing now between 5 and 9% inflation is bad inflation. What we experienced in the 1980s, 10 to 15% inflation is...
by Willowarbor 13 days ago
The economy is big, complex and difficult for most people to understand. In reality, the president may not have as much control over the economy as people tend to think. The Federal Reserve, for instance, has a much more direct influence over how well the economy does. I've read a lot of...
by Kathleen Cochran 23 months ago
https://hubpages.com/politics/president … he-economy
by ga anderson 2 years ago
Shooting from the hip . . .I recently heard some blurbs saying the White House is now arguing with the definition of "a recession." Could this be true? Could that explain Pres. Biden's recent calls to Bill Clinton?GA
Copyright © 2025 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2025 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |