About the economy

hankey13@ymail.com asked:


I dont know I just think its weird how once the U.S’s economy starts getting bad, countries economys all around the world start getting bad too. If the U.S’s economy recovers will the world economy recover? Is the America the worlds consumer or something?

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Michael DeVries asked:


we can sure draw some analogies.

Reflecting on the United States economy and the economic woes reported from the rest of the world’s financial systems these past few weeks, we have noticed a possible correlation to the childhood fairy tale “Chicken Little.”

You probably recall from this old English folk tale that a tiny little chicken called Chicken Little felt a rose leaf fall on her tail one day and immediately ran in great fright crying “the sky is falling!”

First one she told was Henny Penny who joined her in spreading the message. On their way to tell the king, they met Ducky Lucky who joined their chorus. Then Goosey Loosey and Turkey Lurkey also voted for the tale.

Did we say “voted”? Well, they joined the parade of characters till they all met Foxy Loxy who lured them into his den by promising to tell them where the king lives.

The story goes that Foxy Loxy led them into his den and they never came out again.

You can draw your own conclusions about what happened to Chicken Little, Henny Penny, Ducky Lucky, Goosey Loosey, and Turkey Lurkey, but you can be sure that the foxy one came out of that deal okay.

Now there are those who predict that our economy will never emerge from the den it’s in, but that’s not our area of expertise, so we won’t speculate here. Our business is running a business and we plan to keep doing just that.

We believe in persistence and hard work. Those whose wares we represent have their hopes tied into the products we represent. We don’t’ plan to let them down. We plan to be here; to keep on working and hopefully only paying our fair share to the common good in order to remain in business.

We hope to pass along many good deals to you in the coming months. We don’t expect to ever be a Wall Street presence; we are what has come to be called a Main Street business.

We are drowning out those who are trying to spread the message that the rose that fell on Wall Street was actually a thorny stem or the whole bush. We know based on history that some people will come out of this slumping economy smelling like a rose.

We know that some people are simply going to see and seize opportunity out of this turmoil and disruption. Some people are not going to fare so well and are going to need assistance. We support many organizations trying to provide that help.

In some respects poverty and unemployment are big business. Like a friend of mine said after being unemployed for four months a few years ago, “if it weren’t for unemployment, a lot of people would sure be out of work.”

Think about it. The unemployment system here in the United States is huge. We hope our customers don’t have to file to collect, but if you do, you will encounter counselors, clerks, and a cast of helpers that include those who actually keep the records and generate the checks to say nothing of the landlords collecting rent for the space these agencies use. If someone wasn’t unemployed, those people surely would be. Even our culture of helping those with less actually employs lots of people to distribute money, food, shelter, clothing, and other things of need.

We can’t predict where the large-scale economy is going, but we do believe that it will keep going and those who don’t give up on it will be a big part of its recovery.

We plan to be just as “foxy” as we can be to lure you into our den and connect you with some of the finest products from around the world. We can assure you that you’ll come out okay.

Please Reply and Share with us at: http://i-shoptheworld.com/2008/10/29/this-economy-is-no-fairy-tale-but/ all Your thoughts, Comments, etc. on any/all of the following related to the current Economic situation and How we may All work Together to Improve our World Economy for Everyone’s Mutual Benefits! :), namely:

- Do You really think the economy is as bad as the news media has been portraying it?

or …

- Do you think this is all just a fairy story they/the media have concocted, just like Chicken Little, to convince everyone that the “sky is falling”?

and if so …

Why?

- Do You think the media telling everyone the economy is bad, just like Chicken Little, is creating a “self fulfilling prophecy” and making the economy worse than it is really otherwise?

- Is the economy in Your country “better” or “worse” than as reported by the news media in the United States?

- How has any of this affected your personal finances and/or family finances thus far?

- What are You doing Now to prevent the reported economic situation from (further) affecting Your personal finances and/or family finances?

- What do You think can and/or should be done to improve the Global Economy?

- And Who should be doing these things to improve the Global Economy?

- What may we All do to work Together to Improve our World Economy?

for Everyone’s Mutual Benefits!

We look forward to hearing All of Your thoughts, Comments, etc. on any/all of these topics related to the current Economic situation and How we may All work Together to Improve our World Economy for Everyone’s Mutual Benefits!



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Resident_Evil_5 asked:


I think financial liberalization is useless if your economy is overheating as it will create a boom and an overheating economy doesn’t need more growth in the short term. Therefore, reform should be made when the economy is not growing fast as we would like.
Is this true?
Therefore, if your economy is growing very fast to the point of overheating, there is no advantage in liberalizing the financial sector in the short term, as it would only worsen the overheating.

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Ender asked:


Our economy tanked because there was too much easy money and easy credit available. So far the solutions are “more easy money and easy credit”.

Does Obama have any proposals that will actually benefit the US economy long-term?

Note: This question is about Obama. Not Bush. Not McCain.

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Vladimir Gonzalez asked:


UK Economy

The United Kingdom has the largest economy in Europe. Out of the four constituent countries of the United Kingdom, England, Northern Ireland, Wales and Scotland, the first is the largest economy. England is highly industrialized. It produces and exports textiles, automobiles, aircraft, locomotives and chemical products.

The manufacturing sector is an important sector for the UK’s economy. He West Midlands employ 18 per cent oh the employees in manufacturing. Another region with a large number of people working in manufacture ( 18 per cent) is East Midlands. The lowest number is in London: 6 per cent. The Organisation for Economic Co-operation and Development states that manufacturing output has grown since the half of the 20th century, both in production and in value.

The biggest financial center in the world is in London, overtaking Hong Kong, New York city and Singapore. Its financial services are split between two districts: the Docklands, around Canary Wharf, and ‘The City’, meaning London. Here, there are the London Metal Exchange, the Lloyds of London, the Bank of England and the London Stock Exchange. The London Metal Exchange deals with plastic futures and base metal while the London Stock Exchange deals with share and bonds. There are more than five hundred banks which have offices in Docklands and the City.

The United Kingdom’s export business in financial service is expanding. This expansion was caused by light regulation and highly skilled work force. The Confederation of British Industry (CBI) helps create and maintain prosperous conditions for the businesses in the United Kingdom. It works with international legislators, policymakers and with the UK government.

The confederation members receive a variety of services and products at a discounted rate. CBI launched a survey in 1998. Since then, business volumes and companies of professional services like marketing, consulting, computing, accountancy and legal services fell at a sharp rate. The chief economic adviser of the Confederation of British Industry, Ian McCafferty, says that profitability in the service sector is “clearly under pressure”. This pressure has spread to the sector of professional and business services, affecting areas like legal services and marketing.

Recently, the Hurricane Gustav disaster caused the United States energy production in the Gulf of Mexico to be suspended, resulting in a rise in oil prices. Iran, the second largest oil producer in the Organization of the Petroleum Exporting Countries ( OPEC ), said that $100 a barrel was the lowest price it accepts for crude oil.

Further reading on EconomyWatch.com:

Economic Structure of UK

Imports and Exports of UK

Economic Indicators of UK



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Dr.T asked:


To date the Obama economy has cost the US about $3 trillion in wealth. That’s only taken about a month and a half. At that rate, Obama will have eclipsed the entire unfunded obligation of the United States ($53 trillion) by the end of his second year in office. Is that right?

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