Friday, February 27, 2009

The World Economy is Worsening.... Even Animals are also hit, left by the owner

In 2007 and 2008, much of the industrialized world entered into a deep recession.[2][3] Contributors to this downturn included high oil prices, high food prices, the collapse of a substantial housing bubble which sparked an interrelated credit crisis. Many large and well established investment banks as well as commercial banks in many nations around the world suffered massive losses and even faced bankruptcy. It was argued that huge increases in commodity and asset prices came as a consequence of an extended period of easily available credit and the primary cause of the downturn was exceptionally financial.[4] This crisis has led to increased unemployment, and other signs of contemporaneous economic downturns in major economies of the world.

In December 2008, the NBER declared that the United States had been in recession since December 2007, and several economists expressed their concern that there is no end in sight for the downturn.[5] The recession could be the worst since the Great Depression of the 1930s.[6][7]


Today ...... The World Economy is Worsening!!!! with no signs of improvements, ....Even Animals are also hit, left by the owner

POOR CREATURES.....
TO WHOM WOULD YOU GIVE YOUR MONEY????


So, give thanks each day and count our blessings dear readers :)

Have a great weekend

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