Best answer:

Answer by Amber C
The horse market is in the dumps. But not necessarily b/c of the economy. But because it’s now illegal to slaughter them. But higher end horses are still selling well.

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http://search.yahoo.com/r/_ylt=A0oG7lHiN2lNcUAAFoRXNyoA;_ylu=X3oDMTEydXFqazE1BHNlYwNzcgRwb3MDMgRjb2xvA2FjMgR2dGlkA0g2MDRfNzU-/SIG=13v2v8gf9/EXP=1298762818/**http%3a//blogs.wsj.com/deals/2011/02/01/john-paulsons-5-billion-profit-will-spur-anger-says-hedge-fund-chief/

Best answer:

Answer by Jacob
.-/ .-.
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\:/ -~|| __||_ __// || | | | /| | / __/| .\:/
/ || __|:| |\:/ ‘ || |__| |_/:| || (:/:| \
/ /\/| ||____|:|_|:/_/|_||____|____||_|:\___\| |\ \
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/ /:::/ \::\::::\|\:\|:/|:||::::|::://:/\/:::/::/:::\ \
/ .::\ \-~~~~~~~ ~~~~ ~~ ~~~~~~~~ ~~ ~~~~~-/\/:.. \
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What do you think? Answer below!

Best answer:

Answer by doublechocolateyum
I haven’t lost my job yet but might soon (and already am working at reduced hours).

This is really a depression and people who still have jobs are fortunate.

Does McDonald’s really hire people with masters? I’d think they wouldn’t cause they are overqualified and will quit right when they find another job.

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Question by samantha: How would you compare the Great Depression to today’s recession?
I learned in economics that the Great Depression itself is nowhere near comparable to today’s recession, but I’m wondering how to compare the two in terms of reactions. As in, how America has reacted to each.

Thanks!
I know it’s not comparable economically, but I’m saying in terms of how people reacted.

Best answer:

Answer by PLANETEARTH
Its the same thing just 2010

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Question by Tim: How is the Great Recession related to Social Sciences?
I’m writing a report about The Great Recession. I need to know how The Great Recession is related to Social Sciences. For example, is it related to Economics? Or is it related to Psychology?
There are different branches in Social Sciences and they are Anthropology, Economics, Ethics, Geography, History, Philosophy, Political Science, Psychology, and Sociology just to name a few.

Best answer:

Answer by jcf6865
The Great Recession was related to the Economy breaking down thus Psychologically the people started breaking down. With no jobs, families could not afford homes, food, clothes, education for their children, medical and dental care, and as time wore on the only people working were the ones with Government Jobs. I lived through that very depressed time. We did not call it the Great Recession we called it the GREAT DEPRESSION.

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http://money.cnn.com/2011/09/16/news/economy/bloomberg_jobs_riots/

Will New York be a trend setter for other cities in America?

Best answer:

Answer by ethan
Hopefully

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Question by : What would be the most effective way (in your opinion) to get out of the current economic recession?
As you may know, the world is over populated…war is one of the options that had been used in the past to end economic disasters? Do you think war is a viable option?

Best answer:

Answer by Well Duh!
How about quit spending? Not a good time to grow government. This administrations talks about cleaning up the mess it was left, but they are only creating more debt and more mess. We don’t need another war.

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Question by Texas Patriot: Why is Obama flip flopping on tax increases during a deep recession?
Obama is insisting on a trillion dollar tax increase, which will hit small businesses, low and middle class income as well as the wealthy before he makes a deal with the Republicans on the debt ceiling. In 2009 in an interview with NBC’s Chuck Todd Obama when he was asked “Explain how raising taxes on anyone during a deep recession is going to help with the economy.” To which Obama responded “Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.” Todd then reminded Obama that he had promised to raise taxes on “some of the wealthiest” Americans. “We have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress – which by the way were different from the proposals I put forward – still wouldn’t kick in until after the recession was over. The last thing you want to do is raise taxes in the middle of a recession because that would just suck up – take more demand out of the economy and put business further in a hole.”
So in 2009 raising taxes during a recession in bad but in 2011 it’s ok. Why is Obama flip flopping on tax increases during a deep recession?

http://www.weeklystandard.com/blogs/obama-vs-obama_576524.html

Best answer:

Answer by RageFury
He lies. No one should trust this man.

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Question by snps#21: I think I’ve figured out about when this recession will end. Do you have any thoughts?
I recently noticed that there appears to be a cycle in which the recessions in the labor market since the 80s last almost exactly 3 years, give or take a couple months. Looking at the early 90s recession, I noticed that the unemployment rate reached its low point of 5.2% in Q3 1989 and peaked at 7.8% in Q3 1992 – 3 years later. In the 2001 recession, unemployment bottomed at 3.8% in Q2 2000 and peaked at 6.3% in Q2 2003 – 3 years later. I also read an article stating that the boom in home sales peaked in Q1 2006, and appears to have bottomed back in Q1 2009 – 3 years later. Strangely enough, in Q1 2007, median home prices peaked, and now appear to be on track to retest their Q2 2009 lows in Q1 2010 (which makes sense, since bear markets pretty much always retest their lows before finally recovering) – 3 years later. Now I looked at the peak of the credit boom which occured in Q3 2007. It peaked and subsequently crunched after home prices peaked, which occured after home sales peaked. Then in Q4 2007, employment peaked, given the deteriorating credit conditions. Consumer spending peaked in Q2 2008. If everything follows the trend of 3 year sector recessions, then home prices hould bottom inQ1 2010, credit conditions should start loosening after Q3 2010, employment should bottom in Q4 2010, and consumer spending should rise after Q2 2011. BOOM! End of recession. What do you think?

Best answer:

Answer by JeffreyB
You are correct up to a point. Yes, this recession will likely begin to recover next year, however, all indications demonstrate that the recovery will be weak at best.

It appears that we have hit a bottom, mainly due to government spending which is also beginning to dwindle. The real question that must be answered is whether this return will generate any meaningful growth. While it is definitely reasonable that we will begin to see a significant rise in GDP and even the stock market, I think that the job market will be much slower to return without strong Government intervention.

Your modeling assumes that things were the same during the previous recessions and while their were similarities there were some major differences:
– the savings rate did not significantly rise. People are becoming more prudent thus reducing spending so even as jobs return, people will still spend less.
– all indications show that most of the jobs lost were middle class jobs, not low level service sector jobs that pay low incomes. The data also shows that when the jobs return, pay will be significantly lower.
– while recessions usually yield some increases in productivity, productivity has surged during this recession. While higher levels of productivity are great prospects for long-term growth, it is horrible for job creation because it means that firms are able to do more with less people indicating that many of the job losses we have experienced are permanent and we will have to replace them in other sectors.

Because spending is likely to be depressed this puts at an increased risk of a double dip recession. There are some reasons why this view may be wrong:
– We may be underestimating the amount of foreign investment that may return to our shores after the recession (but I doubt it)
– Other countries like China may become more consumption driven instead of export driven (but their is no indication this is happening. In fact, China is pursuing policies to make the opposite happen)

The important thing to note about any prediction is that it generally assumes things that are almost entirely unpredictable. We really can’t predict how other countries will react, whether we will once again attract the investment that grew our economy or if we will innovate into another sector.

Looking exclusively at the numbers of the past as a guide assumes so much that can’t be assumed. For example, what if we have four or five more sovereign debt defaults. These didn’t happen during the last recession.

In short, this recession is clearly more transformative than the one’s in the past not just due to it’s size but the fact that it is global in a way that past recessions weren’t meaning that not only does the US have to be able to recover but the rest of the world must improve as well and more than ever our success is linked to that of the rest of the world.

What do you think? Answer below!

Question by Perplexed Bob: What kind of spin will be put on economic recession to make it a good thing?
If the country does go into recession in the coming months, what spin will be put on it to convince us it a good thing?
So far we have been convinced that shipping jobs overseas, a declining dollar, huge federal deficits, declining home values, a prolonged war, invasion over diplomacy, and giving up a few constitutional rights are all good things.
What do you think? How will recession be the best thing that happened to America?

Best answer:

Answer by Billy Shat
They’ll play the declining interest rate as a good thing for homeowners who want to refinance.

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