Do you think the economy has bottomed out and is now on the upswing?

  1. Salty Tanned profile image59
    Salty Tannedposted 8 years ago

    Do you think the economy has bottomed out and is now on the upswing?

    Are most of our problems behind us and better living conditions now beginning?

  2. profile image52
    jlspartzposted 8 years ago

    Yes, I do believe that is the current situation, but on another note, I expect the economy to turn down again, the cycle is going to be much shorter this time (meaning the good times aren't going to last very long).  Look at where the stocks are already.  There's too much inflation with not enough actually financial strength behind it.  The P/E ratios are out of wack and if it keeps climbing at this rate, the backing will not be there (in layman's terms - another bubble - this time it's the banks).  That coupled with the national debt, if the other countries start to lose faith in all the US IOUs, the dollar will collapse.  The government should have left their hands out of it and let it correct itself based on a past history of crashes every 10-12 years.  They have made it more volatile.

  3. bakerthelo profile image53
    bakertheloposted 8 years ago

    Unfortunetly, we are far from the worst. Things seem to be getting on the up and up, but have you forgoten that we are in the worst job recession in along while and that our greater amount of troops still have yet to come back. When they do, unemployeement will sky rocket, sending many more into poverty, and one of the worst parts of it is that most of them would be returning Veterans. America needs to stop trying to help out all these other countries until we have gotten our selfs to where we are out of debt and our country isn't crime ridden. True we do have some of the richest people here, but those few don't outway the many that are starving.

 
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