 Is tomorrow a business day? |
| Are the banks open? ...in the ... |
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 UK question. Should i be hacked off? |
| I went to Homebase a couple of weeks ago for some garden furniture. They checked on their computer and said they have them in the warehouse, i paid and ordered them, they would ring me when they got ... |
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 My boss is ripping me off? |
| My boss is an idiot... He won't pay me overtime hours unless i ask for it which i think is wrong.. he should just do it. He also doesnt give me pay slips each week or at all. I have been working ... |
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 What product does Wal*Mart sell the most? |
| Wal*Mart's biggest selling or best selling product?... |
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 What do you love and/or hate about Walmart? |
Do you love that they have everything you need at unbeatable prices?
Do you hate that when you went there today they were already playing Christmas music?... |
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 Was it right that high level bank exectives got bonuses in the US bank bailout? |
| As far as my experience goes with bonus money, I have only received a bonus if I did very well at my job. So correct me if I am wrong, but if you are in charge of a failing company and get bailed ... |
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 Is a collection agency legally obligated to tell you who they are collecting for? I owe a company money.? |
| This collection agency called me. I am and was willing to pay it, but they refused to tell me the company that I owed money to. I tried calling the company, but got no answer--only a busy signal. ... |
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 Is it compulary to address a supervisor as Mr ......? |
| is it compulary to address a supervisor as Mr ......? This is a case of trying to gain respect, but by asking has just made himself look a bit of a prat!... |
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 How many of you are at work AND? |
what do you do for a living.
I am a CAD Designer.... |
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 Does quality mean higher price? |
| improving the quality of my product should mean i increase the price for ... |
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| Why is Wal-Mart so admired when they treat their workers so poorly? |
| Low pay, crazy hours, people that do not understand your job deciding if your good at it or not, and what pay raise you should get if any for doing your Job!... |
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 Is wholesale-elite a scam? |
| I bought a pandora battery at Wholesale-elite and it says 2-3 days shipping,its been 3 weeks now.Am I being scamed?... |
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 Should Sunday be dropped as a holiday? |
| Except for schools, all the public holidays should also be dropped. Christmas should have one 1 holiday. Imagine the work productivity will it improve in the corporate sector. I understand the ... |
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christyr45 | What do you feel is the main reason this country has gone into a recession? |
I feel its because of the poor planing and greed of the wealthy. they count on everyday people to spend there money to keep everything moving. but their planing was to raise prices to force those same people to live in debt all there life and from pay check to pay check. if you do that then people will hold their money or just don't have it because its all stuck at the top 10% and everything stops |
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tim libunao
 |
banks tend to lend money to more people who turned out unable to pay their debts back...... banks use lending or loans as their main source of income through interest rates... when people becomes unable to pay, the banks lose their money.... the country goes to recession |
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ClarisseMarie
 |
I think it's self-fulfilling prophecy. The media screams "recession", people freak out and start acting like there is a recession, and before you know it, there is a recession. For example, if people stop spending money b/c of fear of recession, then the stores lose profits, the government loses sales taxes, and the effects continue on and on. |
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ed
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Bad loans.
Upside down loans on homes and cars.
Over extended debtors and over extended creditors.
When one owes more than they can pay, they are broke.
When one loans out more than they can collect, ditto.
Common sense among consumers would have prevented this.
Hmmm, who knows what common sense is any more?
You will no longer receive card offers from banks. You will no longer see zero balance transfers by banks. This is a fact.
Auto leases may be a thing of the past. Auto mfgs have lost billions on reduced values of returned cars. Toyota took their bath too.
Chrysler leases? NO MORE.
Others will follow suit.
No one has been more greedy or mishandled money than our own government. Not just one prez, or one party, all. |
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60LD3N 6IRL
 |
MONEY$$$$$$ |
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Gypsy
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People living outside of their means and the government /banks allowing it. It also doesn't help that majority of major companies have built their factories and call centers in other countries to lower their costs leaving the US with the highest unemployment rate in years. |
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scullycj
 |
Housing market crashed... because of Ameri~Quest and bad loans
Bad policies regarding "HUD"
HEY >>>>>golferwh...<<<<<<
If we are not in a recession they WHY DID UNEMPLOYMENT IN OCT HIT 250,000 according to the DOE (Dep of Employment?) 6.5% Unemployed |
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StraightDrive
 |
Some economists believe that recessions are sometimes unavoidable and the main reasons are not well understood. Basically it is a phase where demand falls below supply. Easy credit policies inflate demand which cannot be sustained. So the inevitable drop in demand cannot be avoided. High demand causes inflation which becomes a burden for the common man, e.g Crude oil prices touched $145/bbl. When it becomes unaffordable demand automatically falls off causing a reduction in economic activity.
In an economic cycle, a downturn can be considered a consequence of an expansion reaching an unsustainable state, and is corrected by a brief decline.
The 1981 recession is thought to have been caused by the tight-money policy adopted by Paul Volcker, chairman of the Federal Reserve Board, before Ronald Reagan took office. Reagan supported that policy. Economist Walter Heller, chairman of the Council of Economic Advisers in the 1960s, said that "I call it a Reagan-Volcker-Carter recession.[36] The resulting taming of inflation did, however, set the stage for a robust growth period during Reagan's administration.
The IMF estimates that global recessions seem to occur over a cycle lasting between 8 and 10 years. During what the IMF terms the past three global recessions of the last three decades, global per capita output growth was zero or negative.
The United States housing market correction (a consequence of United States housing bubble) and subprime mortgage crisis had significantly contributed to anticipation of a possible recession.
Basically recessions are caused by (1) Currency crisis (2) Inflation (3) National debt (4) Speculation and (5) Wars
Except currency crisis all other reasons have caused the recession in USA.
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Jay S
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The insane materialism of our society and the overuse of credit to finance what they want. Industrial production increases to the level to match this artificial level of spending/income. Now start shipping the decent earning jobs to China. Eventually the incomes can't support the level of spending and they can't charge it up anymore. Producers are left wondering where all the demand went and start cutting back = recession.
Anyone trying to apply political slant and blame to this is just retarded. Both parties have fully supported legislation at one time or another to let this credit mess get out of control.
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nancy n
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People are losing their jobs and have no money coming in to keep up with their expenses much less the extras. Cities and counties and states lose income from sales taxes and more people lose their jobs.
There is too much debt and not enough savings. This applies to the federal government as well |
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Dee T
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I think it has to due with banks giving out loans to people who couldn't afford homes. If people don't have any extra money to spend, of course stores and businesses are going to hurt because nobody is spending money and making money. Credit card rates have gone up for no reason at all. People can't pay them off. I think people who make over a 6 figures should not have huge tax breaks. They should pay more. But I don't feel people should get a free ride for not trying to do well in life. All I know is that I went to school to get ahead and payed my own way and I feel that I shouldn't be penalized for trying to make my life better and having to pay taxes for having a degree. Just because you have a degree doesn't mean you have a great job. I also feel we have spent way too much on the war in Iraq and the money for lottery is not going to support the schools. That's just my opinion. |
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A M
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It's mainly due to greed: greed on the part of mortgage lenders (who gave mortgages to people who did not have the means to repay them), home buyers (who bought more expensive houses than they could afford), and investment companies (who sold the bad loans to investors without revealing the huge risk that came with them). Now that the loans aren't being repaid, banks are failing, none are willing to lend anymore money, people are unable to repay their loans, no one can sell their houses (so they're not buying new ones), people are extremely worried about their financial future (so they're not spending as much), and so there's just less money to go around. |
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golferwhoworks
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what recession---we ARE NOT in ONE as of today we have not had the negative growth required to even say that yet |
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Star
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Sending too much money overseas,sending our jobs overseas and just plain old greed. |
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Jaded
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Republicans |
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