Recession recession?

Question

i keep hearing this word on the news.what does this actually mean for the average joe.does this meant higher grocery and gas prices. more unemployment? how bad can it get?

Answer 1

You haven't seen anything yet.Wait till this summer when gas even goes to $4.00 a Gallon.In Germany they put a speed limit on the Autobaun just to save fuel.In Europe they are paying at least $5.25 a gallon on gas.

Answer 2

Indeed it does mean higher gas prices, higher food prices, higher oil prices, higher clothing prices.... more unemployment.... difficulty find a job  at any salary....fewer full time jobs because part timers don't necessarily have to have "benefits".....

People will cut back on the # of trips they take , cut back on daily trips, combine chores when out, avoid going to the doctor for as long as possible,  cut the heat or AC back,  turn lights off, borrow DVD's from the library/neighbor/friend instead of going to the movies,  entertain themselves at home instead of "going out",  eat "in" more often, take "bagged" lunches to work/school,  grow veggies in the yard,  cut back on  buying "wants" and concentrate on paying for "needs" first....... It can get pretty bad... especially if the banks collapse.

Answer 3

recession means 2 or more quarters in a row of negative growth.  Currently we are nowhere nears that.  We have had 5 straight years of growth.  In the 1st 3 months of 2008, the economy grew.

reporters love bad news and will make it up if they need to

Answer 4

We are not in a recession yet however it seems more and more that we are headed in this direction!

During a recession because there isn't much buying going due to not enough income prices go up significantly to make up for lower sales there for the price of bread could reach 3.00 or higher! This situation is a total disaster and we aren't that bad yet!!

Answer 5

Recession, Is when the whole economy starts heading south (bad), instead of north (Good) sort of speak! For the last 5-6 years, everyone has been living, like on easy street! Charging like crazy on credit cards, buying brand new cars, buying bigger houses then they actually really needed or could really afford and the world has turned into a materalistic way of life, and not really living in there means of there actual home incomes! living pay check to pay check.

Well because of the huge problems now most everyone is facing today, after years of living way above there means of income! We are all faced with huge gas prices and seems there is no real end in sight.  We have two major wars going on, sucking up trillions of dollars! The 2 wars are the major cause of the rapid gas price hikes and many businesses were thriving on the peoples living out of there means of income and started raising products and services prices as if everyone won lotteries!

When everyone decided to live there lives, more as luxury! then what there wages could actually really let them live, the economy too off like a rocket! Things seemed really good for almost everyone! More and more people traveled, more and more people had more then 1 car in there driveway, they bought cell phones, games machines, Ipods, mp3's and almost everything new that hit the market! If they could afford them or not!

The people decided wants, were more important then actual ton's of debt! The last 3 years, then really stuck there necks into a guillotine and bought houses they knew no way they could never afford, but bought them anyway, because bankers, did any mortgage they could to get the sales through! Which skyrocketed housing prices!

Well it was going to end up being the biggest distruction of the housing market! Which normal the housing market was always like a safe haven from complete bad recessions or slipping economy! If the housing market was strong it could keep the economy from slipping too much!

But now with most people knee deep in debt, and barely paying there house payments and millions and millions of houses already foreclosed on and many more to come, then to top it off with constant gas price hikes and now the gorcery stores hiking up there prices, something has to give, and the recession feeling is already here to most because of all the bad choices many people have made in the last 5-6 years , and yet the recession isn't even here yet! But t is right around the corner! and when it gets here, it's going to hit many very hard!

Many businesses have already started down sizing, lay off's and some are even just closing there doors! But the worst hasn't even come close yet, to what can and may just happen! If things don't start changing soon with all the price hikes all around all of us. If huge prices don't start taking a U-turn soon, the economy is in for a real huge devastating problem! Then you will see huge lay off's, many, many more businesses closing there doors and many, many home owners losing there homes, and nothing but pure fear in everyone!

Businesses are taking the wrong choices, by raisig there products and services prices, there only adding more problems to the economy, yet blaming the consumers for not spending! Well it doesn't take a rocket scientist to see, that raising prices so much, it makes it unbuyable, thus more profit lose! When businesses got greedy and got onto the price hikes because of demand, that was the push that started crippling the economy!

The only answer for a quick fix, is the businesses have to see just how bad things are going to get if they don't take part in helping the economy and get off there high money horses and getthe prices coming down on thereproduct and services to get the consumers confident enough to start spending again! The answer to get the economy booming again , is not down sizing and hiking up prices! Anyone with a half a brain knows it has to be totally opposite!

Businesses knew for over a year this wasall coming, but did nothing to stop it, they just keep doing price hikes! Well now were all facing some deep bad times ahead! The recession that seems to be right around the corner, could actually be the worse in history and may and could turn into a huge depression if some huge changes are made real soon!

If the businesses, don't want to go out of business, ten they had better get there products andservices priced dropped down eal soon, because the consumers are fed up with paying through te nose for everything! Businesses have gotten rich enough off of the consumers, now it's time for tem to give back to the economy and help mae it possible for the economy to make a huge come back, only they can fix it now, it's up them now! They have to make a choice, flourish or sink!



It's te least they coud do, seeing allthere customers made them so rich in the last 3 years with all there constant price hikes! emand doesn't mean, rob the consumers blind! And that'swhat they haveand are still doing! The best thing all of us can do right now to protect our own families and home, is to only spend for what you have too have. Stop all spening on thins you do not need! nd you will make it through the worse to come,if you can work overtime, do it! Save all you can so not to suffer if thingsget a lot worse!

Start cancellng out, services you do not have to have,to live without struggling. try paying off bills, that may be a problem for you in a few months. If your job looks threating, start stocking up on things you need on a daily base! Buy daily needed things in bulk when on sale, getting prepared for the worse, is alot better then it falling into yourlap, when it's to late to do anything about it!