What exactly is the current state of the United States Economy?
From a macroeconomic view, I am trying to write a description of the current US economy. I am looking at factors such as: Inflation, Mortgages, Inflation, Unemployment, Banking, and Interest Rates. I can not find any information about this in words that I am able to understand. All of the numbers are completely confusing me because I have no idea what any of this means. Can anyone explain to me in words that I can understand, exactly what is going on with our economy today?
Asked By: ambermckayla - 9/14/2009
Best Answer - Chosen by Asker
the US economy is definitely in a bad spot right now. The economy goes into recessions, which is pretty much, on a graph, the line going down. If the line represents stock value, the line is going down further than it has in a long time... More
Answered By: fbeetleson - 9/17/2009
Additional Answers (7)
Answered By: Donivan Tilley - 9/14/2009
Comparable to a terminally ill patient!
Answered By: Sami V - 9/14/2009
Fiscal stimulus accounts for 100% of global economic activity this year and an estimated 80% government contribution to world GDP growth in 2010. This entire recovery is as illusory and artificial as it was in the treacherous 1930s. Sleep well!
Answered By: Derke N - 9/14/2009
Mortgages and interest rates are being forcibly held at unnatural positions to try to stimulate the economy. The problem is that this will just create another bubble. Unemployment is VERY high (9.7%). Inflation is through the ceiling. (Gold, for reference, has passed $1000, meaning that the dollar is getting very... More
Answered By: veggie boy - 9/14/2009
It is designed in a way so its impossible for anyone to genuinely understand using the numbers available but in reality, with a 12 trillion dollar deficit and a rate of inflation which is rapidly rising it is inevitable there will be a total economic collapse very shortly, not just in America, but global and it will... More
Answered By: RangersLegend ☆ Krissy Boyd™ - 9/14/2009
Well, if it doesn't improve we can rename it the Edmund Fitzgerald... More
Answered By: katmandu_85219 - 9/14/2009
Do you know anyone who owns a bank? Of course you don't... More
Answered By: Irascible Interlocutor - 9/14/2009
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