The Recession In The USA:

http://mimbari.livejournal.com/131962.html

June 08-2011.

The Recession In The USA:

Firstly, to my mind the recession still hinges upon the slow resusitation of the housing market. And thousands are still unable to pay their mortgages, and are still loosing their homes.

Secondly, jobs cannot be created, if business is reluctant to hire people.

Those businesses must see some indication in the general economy that would induce them to want to take the risk and invest more.

Thirdly, Germany, unlike the USA is a growing manufacturing power house in Europe. They have been able to come out of the recession, via their manufacturing prowess, ingenuity, and ability to increase the exportation of manufactured goods.

Finally, until America is able to re-invent it's manufacturing industries, we will continue to experiance very slow internal economic growth. Coupled with the cheap imports from China, Malaysia, and Hong Kong, that caters to those with average wages, who can barely afford to buy those essentials.

Derryck.
NYC.