Over history the economy goes through what we call "cycles". These cycles consist of highs and lows, mainly beginning with a noticeable increase in the economy, then all of a sudden falling to a noticeable decrease in the economy. What we're going through now is quite a big drop in the economy, because of the immense amount of growth we're having in the economy.
If the past does really give hints on the future, then yes we are in the middle of an economic recovery, or relatively close to it at least. (Hopefully.)
From what I have heard on the news, it sounds like experts are cautiously optimistic, yet they are predicting that unemployment rates will remain high until after the election. I interpret this information to mean we will continue to see wild swings with only a small overall rise in the economy.
I don't think so yet. It is no secret that the media is able to sway public view but there are some elements that are left out of the numbers. For example, the number of people who have exhausted their unemployment and still have no job. The unemployment reports are based on the number of people on unemployment and who apply - those who have fallen out of the system are not included.
People are still loosing their homes and jobs are still falling off. Stores are closing corporations are downsizing and some that are still strong are dropping employees to pick up temporary people thus avoiding benefit expenses. So I feel we are still in the slump.
What I will project is that more and more people are going to start projects, services and businesses of their own. After all the foundation of our enterprise system was founded on the small business. I sincerely hope it improves but feel it will take a long time before it rebounds again.
I agree with Brian 2ck. The media is good at forming public opinion and moving people to act. I am convinced that we have not seen the end of the recession and may see a deteriorating economic environment. U.S. Household's net worth fell $2.4 trillion to $57.4 trillion from the second to the third quarter in 2010.
The job picture doesn't tell us how many people are unemployed because they cannot find a job after their benefits were exhausted.
Historically, housing has been the driver of recoveries, but an excess supply of homes has held back construction and price recovery. Many economists expect the housing market will not return to full health until 2016.
Many corporations are stacking up cash and not investing in growth. Non-financial companies held $2.5 trillion at the end of 2010.
The uncertainty of foreign markets is a worry to our international corps and to banks.
The recession prompted many comapanies to use the time to develop technology that would eliminate jobs, and many did. Ford Motor Company is an example.
My best guess is we are in a fragile economy where bad news could throw us back into a recession. People still are not spending the kind of money that will restore the GDP to 3.5 %.
I beleive we are. But it will be a very slow process to a full recovery.
by Scott Belford 10 years ago
The bottom line of President Reagan's Right-wing endorsed economic policy is that "if you put more money in the hands of the wealthy, it will, 1) Expand the economy, 2) Let the boat rise with the economy, and 3) Prosperity will "Trickle-down to expand the middle class.None of those things...
by Andy Aitch 13 years ago
Wear Out, Spread Out, Thin Out, and Growing Limp - Who gives a toss?A friend of mine, who has recently turned 60, said that the thing he likes about being this age is that he no longer gives a toss what he looks like.This is not strictly true because he's always well groomed, but I think what he...
by LAURENS WRIGHT 11 years ago
What would you consider as an economic indicator ?In times past, Walmart and Woolworth's sales were economic indicators. Then economic indicators become the Stock Market and unemployment. My way of thinking would be percentage of the total population without full time jobs as a...
by chaixkee 14 years ago
Is there really an economic crisis?
by Willowarbor 2 weeks 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 Deforest 10 years ago
In Costa Gavras's EXCELLENT movie "Capital", it is said : "Banks bleed people 3 times. First: the market wants blood, you relocate, workers lose their jobs. Second: you bleed them as customers. Third: via Europe's debts you zap countries and their citizens are bled. Worker, customer,...
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) |