RAMROD 116,994 Posted February 8, 2015 Share Posted February 8, 2015 Bounced back, Murica Greece and Spain should join us than the EU. :fan: (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
KingOfSpain 10,010 Posted February 8, 2015 Share Posted February 8, 2015 The US had excesses in the economy that built up during the boom years. The economy over-heated between 2004 to 2006 growing at an unsustainable rate and the imbalances eventually crashed on themselves and caused a severe recession The recession corrected many imbalances. Consumers became more cautious with spending and so consumer debt bubble was corrected... Real-estate collapse depressed construction for a few years and over-supply of homes was corrected. Too much car production??? Well when the recession came and ppl stopped buying new cars eventually cars aged and got old and there was a need for more new ones. All kinds of corrections happened during the recession. Too many to list But Europes problems werent just macro problems or imbalances that the market could correct itself. Much of it is eccessive Government debt, way too much regulation and really bad economic policies that wont fix thenselves Many problems in the Us that caused the recession are issus the market foxes itself. Most of Europes problems on the otherhand cannot fix themselves, it will take Government actions and so its difficult to say when Europe will get the growth cause it depends on the Governments actions awe thankyou You're welcome! All I know is the EU needs to learn from US economic anf financial measures... http://gagadaily.com/forums/topic/227246-ceremony-gagas-videography-megarate/ Link to post Share on other sites More sharing options...
BringDaNoize 1 Posted February 8, 2015 Share Posted February 8, 2015 Yet I'm still poor and unemployed Link to post Share on other sites More sharing options...
Economy 52,835 Posted February 8, 2015 Author Share Posted February 8, 2015 US slaying the rest of the West. Ya'll called us OUT in 2008, now we're leading the economic recovery. Even China is struggling right now, and we're cashin' IN. China isnt "struggling" they are slowing. They are still growing at 7% much faster than the US... They just arent growing at 10% anymore Their economy is maturing, wages rising so now they are getting growth in consumption and less in industrials and exports Its normal for then to slow at this stage of economic development... Its not an easy tansition :shrug: Link to post Share on other sites More sharing options...
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