Crash Of The US Economy

December 28, 2007 at 11:05 pm (aldrin meeks, Banking, Banks, Business, career, economy, income, New Year, US Economy) (aldrin meeks, Central Bank, crash, crisis, economy, export, George Bush, happy, layoff, New Year, unemployment, US)

Slowing US Economy

Companies will be forced into bankruptcy. And so their valuations and stock prices are falling down across the board. There will be belt tightening this coming year for workers and their dependents.

The heart of financial system of America will announce a painful write-off of loan accounts. Hedge funds will be closing its doors and equity funds will have a disappointing report on returns. Interest rates are set by people who run financial institutions — Central Bank.

Is the US economy aging? Slowing down? Is this the beginning of the crash of US economy? Are the US economic planners to blame? The one that benefited from this is the Bush Family, who is with an insider government connection — Carlyle Group.

The US economy, weighted down by the subprime credit crisis that started in the middle of the year. The global investment banks ended on losses, disastrous note, layoffs and marred by profit warnings. The signs are clear, indeed there is slowing and aging of US Economy.

There is a slowdown in the US economy and one of the reasons is the tight competition among exporters. There is an anemic performance of exports in the first 10 months, short of meeting the target. Government should protect our exporters.

There should be overhaul and reform to get back our economy on the right tract. The real cause of this crisis is monetary. Income assurance policy should be set-up for the benefit and welfare of every citizen of this country. Or should we say “In God We Trust”.

Happy New Year to All!