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Here is an interesting video that provides Nouriel Roubini's views and thoughts on the possibility of a double recession. What are your thoughts? Will it happen? Why or Why Not?
http://www.cnbc.com/id/15840232?video=1499492692&play=1
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My thoughts are that it won't happen. We are showing good signs, and although we aren't out of the water I don't think that we are going to get worse again.
ReplyDeleteWell to start, it made me upset to hear that Europe is in a worse situation than we are. Our corrupt system of CDO's, mortgages, etc. put other countries in a position worse off than our own... that's just terrible, I'm ashamed of our country...
ReplyDeleteWith the thoughts of a double recession, I'm hoping that that's not the case. The huge amount of debt is the main problem, and one that I feel can only be cured by reducing spending, like Roubini mentioned. I know our taxes were increased to supply bailout money for failing companies, but I'm wondering if we'd be better off if that money went towards decreasing national debt instead and just letting the companies fail on their own...
I thinking a double recession is very likely. We've seen it happen before and as we know by now this time really isn't different. I don't think many governments are handling the financial crisis the way they should and since we have such a global economy when one country falters it has a ripple affect on many other countries. If everyone is suffering than no one can step up and bail anyone else out.
ReplyDeleteI don't think we're in a "double dips" and do not think a "double dip" is unavoidable. However, I think American economic right now is based on speculation and unless earnings in the financial sectors translate into earnings elsewhere, I think speculation may inflate prices and cause a major financial crash that could lead to a "double dip."
ReplyDeleteWhile I am not completely convinced we are totally on the way out, I do not think we are going to have another major dip anytime in the imminent future. Tommy's point is a good one, unless we start getting away from rampant speculation, we could have serious problems down the road, maybe another bubble. But I think it will come a long way down the road.
ReplyDeleteI agree with Tommy and Noah, although I do not think that a second recession is looming, if there are not changes made to the financial sector then we are not placing ourselves in a healthy position to avoid a possible recession in the future. I think that we are on a positive road to recovery, but it will be interesting to see how the government and financial sector move forward in reshaping and rebuilding our current system.
ReplyDeleteI agree with Rob! We are showing positive signs on the road to recovery. Hopefully the moves that the government are going to make are the right ones.
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