Thread: Recession

Originally Posted by jordan

I see all of this and it baffles me to death of just how its all going to end and when the pound to the dollar has dropped quite a bit and affected me badly but when is it going to end and how?

Sorry to hear this. It's certainly rough! The economists I've listened to all disagree; plus, economists are notoriously wrong most of the time. If I could generalize, most are not expecting a turnaround prior to the first 3 quarters of 2009. Here in the US, our economy is completely out of whack, and keeps getting crazier, as our gov't is now talking about another $1 Trillion bailout...All of this is a test, and if our economy doesn't start expanding, then we'll really be in deep *&#$. Eventually, taxes will go up (Obama campaigned on this promise), which will further decrease corporate and personal spending, which will be another "after-shock" to the economy.

In order to survive, I have been strategizing surrounding alternative revenue streams, new ideas and improvements in my current business (cut expenses, new product offerings, lay people off...).

Yea,

The its affecting in the number of our good Clients.

Our client income is in a steady decline, which concerns me. However, of course that always happens right after Christmas, so it really should not concern me! :P

It must be observed that revenues raised by the retail sector in America are almost wholly on imported goods.The usa has very little manufacturing.
The us economy is based mostly of services,and nothing anything real or tangible. One China and other countries refuse dollars import to usa will dry up, and the stores will become empty. You will have a real nightmare to attend too.

Originally Posted by dollar

The usa has very little manufacturing.
The us economy is based mostly of services,and nothing anything real or tangible.

The United States manufacturing sector is grossly under-represented in terms of PR and marketing. Here, it's a 100 year old industry. It's not nearly as sexy as the phenomenal growth that China has seen, under updated economic policies. The US is still #1, as the World's largest manufacturer (China is #4, preceded by the EU and Japan.) China's actual output is more than 50% less than the United States.

You can read up about this and also check out the opposing view. Even considering this, and the US is pushed to #2....a far cry from your over exaggerated statement.

The United States manufacturing sector is grossly under-represented in terms of PR and marketing. Here, it's a 100 year old industry. It's not nearly as sexy as the phenomenal growth that China has seen, under updated economic policies. The US is still #1, as the World's largest manufacturer (China is #4, preceded by the EU and Japan.) China's actual output is more than 50% less than the United States.

You canread up about this and also check out the opposing view. Even considering this, and the US is pushed to #2....a far cry from your over exaggerated statement.

Okay, So. Go threw your house right now and find all the items in your house made in China put them outside or somewhere out of the the way, and then walk threw your house and see how empty it is , with the just the stuff made in USA and ask yourself if you belive that usa manufacturing is strong.

Originally Posted by krnchx

The United States manufacturing sector is grossly under-represented in terms of PR and marketing. Here, it's a 100 year old industry. It's not nearly as sexy as the phenomenal growth that China has seen, under updated economic policies. The US is still #1, as the World's largest manufacturer (China is #4, preceded by the EU and Japan.) China's actual output is more than 50% less than the United States.

You can read up about this and also check out the opposing view. Even considering this, and the US is pushed to #2....a far cry from your over exaggerated statement.

Very interesting! The United States has about a third the population of China and yet still manufactures twice as much as China does.

That really shows the advantage that free societies have over bureaucracies.

Am not From the Us,but i can see quite a bit of the ecomeny is going badly because in the uk its going better for us now,and fuel prices starting to lower,also stuff are starting to get normal again,Is there any good place in the furture for the us ecomeny.

It's surprisingly easy to tell which economies will do well in the future by looking at which governments are making better economic decisions.

The World Bank publishes the Doing Business: Economy Rankings, which serves as a rough high-level guide.

Here are the top ten:

1. Singapore
2. New Zealand
3. United States
4. Hong Kong
5. Denmark
6. United Kingdom
7. Ireland
8. Canada
9. Australia
10. Norway

Interesting, Georgia ranks pretty high there, wonder if it changed after the war