The economy slowed down earlier this summer across the United States still high unemployment and weak home sales plus a slowdown in manufacturing.
A survey by the Federal Reserve, released Wednesday found that consumers are not spending as much and slow job growth along with lending restrictions hampering growth into the second half of the year. This is the worst statistics this year.
Over past few weeks, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts and today RIM announces 11 percent layoff (2000 employees) also on the Canadian front Bombardier has cut work forces in their train transportation factories.
Second half of 2011 may not be as rosy as economist think it would be. Going into mid 2012, I think world economy is going towards another recession.
Looking at the facts and figures today, it would seem that the U.S Government and Banks that cause the first great recession back in 2007-2008 have not really learned anything, nor are they doing the right things to prevent the next gigantic crash.
It almost seems that they want to orchestrate a depression. If anything they are making things worse by printing more money and increasing the size of the derivative bubble. Heed my warning, the next crash will be much much bigger and the affects will be all out “Depression” worse than the 1930’s.
This news video was posted roughly a year ago, and looking at today’s numbers, it looks like things have not gotten any better for students. If anything things have gotten worse, the unemployment rate is slowly climbing higher and higher. Corporations are hording trillions in cash with record profits and not hiring workers and all the while student debts are also going much higher.
Politicians only represent the people who bribes them with the most money. It it the same thing in all the so called “Democratic” European countries and the United States. People are angry because citizens tax money have been recklessly spent and their governments lost all tax payers money and gone into huge debt.
The United States is the largest debtor nation in the world history, and the 2008 economic crisis is only the first series of crisis. The next economic crisis in late 2012 – 2013 will be bigger and deeper.
The politicians have short term memories and will not do what is necessary to fix the balance sheet, they will continue to kick the can down the road and let the next President to worry about it and this goes on for decades. So, if this is the case I really think the United States is screwed…Big Time!
The last several years of slumping economy has had a huge impact on many American’s ability to retire.
This is a video of what retirees should consider before heading into the retirement years and planning to work during those years. It talks about finding your passion and doing what you love as work, that way earning an income doesn’t seem like work.
Things aren’t getting better for the middle class / regular people, it is only getting better for the really rich / wealthy people and corporations who aren’t really creating jobs right now.
While their own American citizens are struggling and suffering with bad economy, no jobs and food inflation, the U.S Gov are out their in the world fighting more wars. Printing more money, increasing the national debt by billions.
Toyota is telling certain plants in the world like factories in the United States, Canada and Mexico to prepare to temporarily shut down due to parts shortage. This of course will have an effect on those countries economies as workers will make less money and less products will be sold by Toyota in those countries etc. etc. The ripple effects can make a small dent to the U.S already weak economy.
Here are two videos with a University Professor who studies social events and history. Basically he sees that only the rich and ultra rich (corporations) are benefiting in the United States, which takes us back to the “Robber Baron” days. Rich and politicians get their way with elbow rubbing, whispering in cocktail parties and back room deals.
Now if you think about a social system where Corporations and Government are so closely intertwined that is called “Facism” and that resembles closely the system in Nazi Germany in World War II.
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