Wednesday, July 4, 2012

The Great Depression strikes back


“You are supposed to help us, you have received money from the government” this is phrase I hear every single day at work. More and more people are losing their homes, mortgages are not being paid, and it is not because people do not want to pay, people just do not have money. Unemployment rates are increasing, besides this, factories are shutting down and workers are being laid off. The stock market keeps falling down. The government is injecting more money but there are not big changes yet.


This depression does not only affect the U.S, but all the other countries that do business with the U.S. The U.S had a lot of creditors, especially China, if China decides to remove all their business with the U.S, this would mean a lot collapse in the U.S economy. Let’s all hope the situation in the U.S improves, not only for the people living there but also for future generations that can be related to us in some way.

No comments:

Post a Comment