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floozy_niki asked in Social ScienceEconomics · 10 years ago

Who feels that the economy is back to normal on a new equilibrium?

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  • 10 years ago
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    if by 'normal' - you mean that this recession is set to continue indefinitely - then yes - we cant predict economic growth in this climate - a climate of government cut backs, rising unemployment - this is really a depression that have now entered. We are seeing countries like Ireland, portugal, iceland. Italy all collapsing economically. There is a sense that the world is now at a turning point. Capitalism has failed due to human greed - this same greed is further distorting the distribution of wealth to perverse levels - In America the greed and complacency is appalling. The bogus tea party revolt will be nothing compared to a real people's revolution if they can't feed or house their families.The Double Whammy Economy will ensure that if you don't have large cash assets already, the prospects are clouded.

    You can no longer count on your home as a source of future wealth. Your income will continue to deflate in real terms as it has for 3 decades. You will work harder for less as many already are (increasing productivity). Underemployment will become the norm as corporations shed the concept of vested employees, benefits packages and rely on a huge underemployed talent pool to keep wage pressures low. And watch your retirement assets as they too deflate.

  • 10 years ago

    feel? really if you want my personal feeling i'm very frustrated and i dont think the economy worldwid wont be any good anymore, it may lead to a big change of the world map sooner or later

  • 10 years ago

    did he mean war? lol

    anyways it is not back to normal. why? because i used to be able to fill up my gas tank with 10 dollars and now i can't. (i know, it's not the only reason, gasoline is scarce)

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