Despite the rosy twist our government is gaining the US market getting better, are facts pointing in a scenario of continuing struggle, with a few rocky times ahead? Printing trillions of dollars has temporarily pushed stocks to an all-time high, and also the reported unemployment rate has fallen to under eight %. But is this a temporary bubble? The economy is stagnating, ninety million Americans have dropped out of their job force, forty-plus million have been receiving food stamps, and reckless government spending has come to be the standard. Printing greenbacks is devaluing our currency, the Federal Reserve money and our very way of life.
American companies, faced with a higher domino99 cost of risk, higher taxation amount and more government regulation have reacted by waive their costs and laying off workers. Some sorts of American enterprise was bulletproof to bad financial times, but that’s simply not anymore. We’ve all heard the trials and tribulations of all vegas, and how the gambling mecca of earth has limped along for the past couple of years. The Fountainbleau Casino Went bankrupt, just like New Jersey’s Revel Casino. There is an increasing portion of society that just can’t afford to play with, and the gaming market is believing that effect big time.
Companies like Disney have only announced hundreds of layoffs, for example, closure of LucasArts. Hewlett Packard, American Airlines, Pepsico, Food Lion, Albertsons, Proctor & Gamble… the list goes on … are only a couple of big corporate names that have recently laid off workers, and are attempting to live financially virtually any method they can. It’s just a tough economic time for workers, and also the businesses that employ themthough most economists seem to think we’ll survive and flourish. Is the market improving? Is there an upside down?
Indications of an economy becoming better
Definitely. Now, I’m not taking a look at the world through rose colored glasses… times are rough. But you may still find a great deal of indexes which reveal our economy becoming better and can stay on solid earth, atleast for the large part. After all, freeways in major towns are still jammed with work traffic, directly? Even when the actual unemployment rate is percent, this means eighty five percentage of us are still working.
The market becoming better isn’t there quite yet, however…
At least all the amount of money we’re printing has somewhat righted our economic boat, and gave us the opportunity to get right back on our feet. Our banks are still available, food markets remain providing us with all the foods we need, and also our authorities, fire and faculty systems are undamaged, giving our communities the most basic good support required to thrive and survive. Even home prices in certain areas appear to be rebounding, giving us some much needed certainty.
And a few organizations that cut their work forces to become through the dire times of 2007-2011 are needs to slowly re-hire. Because successful companies have streamlined their labour and utilities costs out fundamentally, these companies have achieved a more stable main point, and can begin to hire some help. This hiring trend is slow, but it’s now growing. Thousands of people that have been let go, or can’t get work, are becoming helpless and start their own biz. So, is your market getting better? Overall the answer is yes, there is absolutely an upsidedown.
Times are tough for all people now, and there’s no denying this. But keep a little confidence, too. Reliance on ourselves and on our own families and friends will get us into a day. Stay strong.