COVID-19: PMC provides a trusted voice for high-risk global audiences. Learn More

Temporary Recession or the End of Growth?

September 30, 2009 • Daily Email Recap

Everyone agrees: our economy is sick. The inescapable symptoms include declines in consumer spending and consumer confidence, together with a contraction of international trade and available credit. Add a collapse in real estate values and carnage in the automotive and airline industries and the picture looks grim indeed.

But why are both the U.S. economy and the larger global economy ailing? Among the mainstream media, world leaders, and America’s economists-in-chief (Treasury Secretary Geithner and Federal Reserve Chairman Bernanke) there is near-unanimity of opinion: these recent troubles are primarily due to a combination of bad real estate loans and poor regulation of financial derivatives.

For full article, visit:
http://www.energybulletin.net/node/49798


Current World Population

7,802,748,133

Net Growth During Your Visit

0

DonateNow