The economy, at its most basic form, is defined as the realized social system of production, exchange, distribution, and consumption of goods and services of a country or other area (wikipedia).
Right now, it is sick. First it was the banks, and now Detroit automakers are in line seeking emergency aid. Individual consumers like you and me, are probably limiting purchases as the labour market no longer offers the stability or security it used to. Falling property and stock values are probably hurting some household's wealth - or it could become a good opportunity for some ;)
In November, another half a million has joined the unemployment toll. Sigh, where are the happier news these days?
4 comments:
Ya, where have the happy news gone? Sigh... My stocks....
However, at the moment I am recession proof...Am still shopping a lot. Trying very hard the kick the bad habit! Also, trying very hard not to think about any travel plans in '09.
ya it just keeps getting worse to hear of the job loss plans - now Bank of America, Alcatel-Lucent, International Paper, L'Oreal ...
Ya me too, less shopping.. but okay, foot massage is still a must at the moment ;)
Hee, foot massage is painful to me!
i'm glad i find foot massage more delightful than body massage now... actually my foot massage comes with the body and neck rub too....and hehe its cheaper than the full body massage kind - so i guess i can consider myself thrifty..hahah
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