Why we are again going into Recession ?
Why the world is again heading towards recession / economic slowdown ? Why we did not learn from our mistakes in past , year 2008 ?
In my opinion...we never really were out of the recession to begin with. Seems as if the unemployment numbers are pretty easy to manipulate and the housing situation has not improved at all.
All the signs point to a long recovery that in some ways has not even began yet. Hope things turn around soon as many cannot afford to wait.
The big reason that economies go through slowdowns is because they become over-valued. Also, they need to adjust to changes in technology, workforce and resources.
Sure, a crisis (like banking or mortgages) can be the trigger. But it's rarely the cause.
Economic downturns and recoveries are not really based on our mistakes, or our economic prowess, although the politicians would like you to think so.
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