do you really think that the USA is going to have a major recession?

and if so what do you think will happen to all the people that can't get jobs or can't make enough money? How long do you think it will last?

Asked By: Miranda C - 10/26/2008
Best Answer - Chosen by Asker
Some have seen this coming for over two years and I have been affected by this recession since November of last year. The unemployment rate may be as high as 12 percent by February 2009. Many places are taking applications but only to get a list of possible employees to draw from later when this recession lets up. I do... More
Answered By: stopsuicide - 10/26/2008
Additional Answers (5)
going to? We're in one now, in fact if they weren't afraid of scaring people they'd call it a depression.
Answered By: zotdirector - 10/26/2008
No the world is, the USA will probably be spared the worst of it. I feel bad for some 3 rd world nations will be hurt severely. The best guess it will bottom out sometime 2 nd quarter 09 and then inflation and possibly hyperinflation will set in for about another year before thing stabilize. In reality it's just... More
Answered By: Timothy S - 10/26/2008
It does indeed appear that the USA is in a recession. I don't know how major or long it will be.
Answered By: Common Sense - 10/26/2008
I don't think its a question of whether we will have a major recession - its ALREADY going on. The question is more a matter of how long will it last and how bad will it get and such... More
Answered By: optimystic6 - 10/26/2008
The word 'recession' implies that there is going to be a temporary slowdown. And then things will get back to the way they were before... More
Answered By: Nick Z - 10/26/2008
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