“8. Government spending cuts
Economic expansion in the U.S., UK, Greece, France, Italy and Spain depends on government spending, to a large extent.”
Meh
We may get cheaper gas. But we’ll have no jobs to go to, there’ll be no food in the stores, no skivvies or baked beans at Wal-Mart, there’ll be no reason in general, to drive on the $2 per gallon gas.
I just noticed an article about pet shelters filling up, which apparently has historically also been a strong sign of recession. Maybe not of global one, but still.
“8. Government spending cuts
Economic expansion in the U.S., UK, Greece, France, Italy and Spain depends on government spending, to a large extent.”
Meh
We may get cheaper gas. But we’ll have no jobs to go to, there’ll be no food in the stores, no skivvies or baked beans at Wal-Mart, there’ll be no reason in general, to drive on the $2 per gallon gas.
I just noticed an article about pet shelters filling up, which apparently has historically also been a strong sign of recession. Maybe not of global one, but still.
In a depression, they will quickly empty.
“New” recession? When did the last one end?