Do you think we are headed toward a recession?
Are you scared? I have read that the chances of a recession have nearly hit the 50% mark for 2008. Economists are predicting that housing is going to get worse, we're at the lowest production for oil refineries in many years, driving up the cost of crude oil (they think 2008 could see $4 gas prices), and the dollar is so weak. I wonder if this could turn into a depression? What do you think? I am a little scared, I'll admit.
Asked By: Good♥Gyrl - 12/30/2007
Best Answer - Chosen by Asker
First off, dont listen to anyone who says that a recssion is Bush's or any other politicians fault, or if it has to do with the war or government deficits. Even more dumb is the notion that not regulating corporations more is the reson for problems. Any polices related to these things have long term implications and... More
Answered By: E B - 12/30/2007
Additional Answers (6)
headed? we are already there!!!
Answered By: firstname.lastname@example.org - 12/30/2007
Yup, and a serious one, too. What Greenspan is talking about is more than true. Stagflation will lead to a recession. And it'll be an overall bad year for the US. Economically, politically and socially.
Answered By: Joe Moe 66 - 12/30/2007
Current forecasts place the possibility of recession at roughly 60%, but most economists will not default to saying it "will happen" until that reaches 66 to 70% probability. The biggest real concerns are consumer spending, inflation, and credit. I expect a recession over the next three to five quarters, followed by... More
Answered By: Jon R - 12/30/2007
Yes. But why be scared... More
Answered By: Blindman - 12/30/2007
Yes, for all the reasons your stating... More
Answered By: john k - 12/30/2007
We are in a recession and headed for a depression. You have good cause to be concerned. Read through some of the blogs on this site. It's not just about the housing. Don't be afraid, be concerned and prepare. http://housingpanic.blogspot.com/
Answered By: Set - 12/30/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
21 Step Program - $1,000, $3,000 and $5,000 Commissions. No Calling
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.