Thursday, November 6, 2008

IS the End to Prosperity?

Anyone who doubts that the U.S is headed for a recession is simply living in denial. With the recent fall in the stock market, retail sales, and employment.The Americans are awaiting a great down fall. In the article, The End of Prosperity by Niall Ferguson. The author speaks about the recession, Bush's administration bail out plan, the fall in employment rates, homeowners crisis, and the decrease of retail sales. The author also poses a very interesting question: Will this recession be insignificant because America can quickly correct these problems, or can this lead to something similar to the great depression?I found this article to be very interesting and informative. I would suggest that others read this so that they can become fully aware of the finical crisis that lies ahead for the American people.

No comments: