So Are We Really In A Recession? What Got Us Here?

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	So Are We Really In A Recession? What Got Us Here?

chaynepain

7-23-2008 1:38 AM

187 views

tags:

us recession, us economy, fuel crisis, us mortgage crisis, us credit crunch

chaynepain says:

Many things have been going wrong financially for the US- fuel prices, job loss, real-estate crunch, etc. The Federal Reserve may be to blame for it.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/91b50f44-d4ea-4525-8246-0ee8339c80df/490B358D-004E-4EFE-A3E9-BB11D7DEB0CF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy" href="http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy"><P>Something has clearly gone wrong with the economy. But how bad are things,   really? And how bad might they get before better days return? Even to many   economists who recently thought the gloom was overblown, the situation looks   grim. The economy is in the midst of a very rough patch. The worst is probably   still ahead.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/105427/Uncomfortable-Answers-to-Questions-on-the-Economy"><P>Job losses will probably accelerate through this year and into 2009, and the   job market will probably stay weak even longer. Home prices will probably keep   falling, shrinking household wealth and eroding spending power.</P></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content8.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/banking-budgeting/article/105428/Uncomfortable-Answers-to-Questions-on-the-Economy" href="http://finance.yahoo.com/banking-budgeting/article/105428/Uncomfortable-Answers-to-Questions-on-the-Economy" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/105428/Uncomfortable-Answers-to-Questions-on-the-Economy"><P>In the estimation of many economists, it starts with the Federal Reserve. The   central bank lowered interest rates following the calamitous end of the   technology bubble in 2000, lowered them more after the terrorist attacks of   Sept. 11, 2001, and then kept them low, even as speculators began to trade homes   like dot-com stocks.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/490B358D-004E-4EFE-A3E9-BB11D7DEB0CF/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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