Monday, September 21, 2009
An in-time recovery?
One year ago, is the collapse of Lehman Brother - the biggest bankruptcy ever happened in the United States, during one of the worst recession of this country. On The Economist, Ben Benanke announced that America's reccession is probably over, technically speaking. This is a really good news to know, because after the recession, the job demands will rise, as the aggregate demand curve will shift to the right, and people will have more opportunity to find jobs. The only downside of that is that everything is gonna become more and more expensive gradually. So I think if someone plans to buy something big, they should buy it sooner, before its price rise to the rooftop. Well it's all my assumption from what I've learned from the Econ classes, and I hope it didn't fail me on this.
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Hey Phong,..
ReplyDeletewell, certainly this is the time to buy... as Trump said,.. lets buy real state! It is for sure that when the economy will start to recover the price of most of the fixed assets will rise to the rooftop as you said... So,.. you better make your investment body..!! he he
These kind of comments from the governmental organizations even though they are supposed to be independent, such as FED, try to make the market calm down, but everything is clear now and do not call me hopeless, but I guess that the crisis will take a couple years too. Although the economy has started putting itself together, the results of the crisis will be effective on especially poor people.
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