World Recession!

Today Japan joins the 15-nation euro-zone as technically being in a recession. By having two straight quarters of a declining economy your considered in a recession. Japan’s last recession was in 2001 when their interest rate was set to zero percent. And that was just enough to get them out of that recession. I wonder what they will do this time to get out of a recession. Because they’re not alone, it will take a world effort to get out of this jam. If you didn’t know, Japan as the world’s second-largest economy, and could be facing more major problems ahead. It’s only a matter of time when the United States joins the ranks of the rest of the world to be considered in a recession. This would just add another bad thing to Bush’s list of bad choices. After all, he’s our leader and his people working for him should have seen this coming. Giving these financial companies a ton of freedom as ruined the world economy. And therefor no more money should be handed out, let them all fold. And only then will we be able to start over.

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This entry was posted on Monday, November 17th, 2008 at 11:30 am and is filed under Business, Economy, General Info, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.