US Economy-A boon or curse
http://www.content-articles.com/US-Economy-A-boon-or-curse/a9234_1
Dilip Tekwani
By Dilip Tekwani
Published on 03/2/2009
Are we dependent on US economy
US Economy-A boon or curse
Around July 2008 economy of USA starts dipping, stock markets dipping resulting in dipping on most of the common markets in the world.
Are we so dependent on one country that if its economy fails many common men living outside USA have to suffer, I just read an article some days ago that President of USA addressing that there will not be any tax cuts for the company who outsource jobs means more then 100,000 jobs CAN suffer who work in call center or may be much more, who can say the exact figure I cant!
Is USA the only country for which most of the countries are dependent upon? Or may be we all never thought what will happen if USA breaks down, may be we our busy counting our export profits & ignored a lot of things.
Today experts say the economy of USA will take around 2 years more to get stable but no one can be sure will it be stable or even get worse, people there have lost their jobs their house their cars even people living outside have lost their business in USA as import there has been decreased by big number.
Why cant we all have a global market instead of thinking of one country, any country may be but why just one country we have to think about, today many business have suffer jobs lost no money for food, war on terror we have so many problem coming day by day, are we trying to solve our problem or trying to increase them.
One of my friend working in a jewelry company & most of his customers were in USA,he has suffered a big loss because of melt down in US economy I think that would be obvious that if people don't have money to rent a house or food from where will they get money to buy Jewelry.
After years it was unbelievable in USA that BANKS have failed! Banks asking for bailout from the Government we all know Banks always had money t give credit cards or loans but the economy has suffered so much that even banks have no money now.
My point is where are we heading too, now this is the time we all have to be together & try not depend on just one country, we need a global market.
Hope this meltdown in US economy grows soon & many more jobs & Business will be saved.
Do let me know what you think about my opinion,
Regards,
Dilip
Are we so dependent on one country that if its economy fails many common men living outside USA have to suffer, I just read an article some days ago that President of USA addressing that there will not be any tax cuts for the company who outsource jobs means more then 100,000 jobs CAN suffer who work in call center or may be much more, who can say the exact figure I cant!
Is USA the only country for which most of the countries are dependent upon? Or may be we all never thought what will happen if USA breaks down, may be we our busy counting our export profits & ignored a lot of things.
Today experts say the economy of USA will take around 2 years more to get stable but no one can be sure will it be stable or even get worse, people there have lost their jobs their house their cars even people living outside have lost their business in USA as import there has been decreased by big number.
Why cant we all have a global market instead of thinking of one country, any country may be but why just one country we have to think about, today many business have suffer jobs lost no money for food, war on terror we have so many problem coming day by day, are we trying to solve our problem or trying to increase them.
One of my friend working in a jewelry company & most of his customers were in USA,he has suffered a big loss because of melt down in US economy I think that would be obvious that if people don't have money to rent a house or food from where will they get money to buy Jewelry.
After years it was unbelievable in USA that BANKS have failed! Banks asking for bailout from the Government we all know Banks always had money t give credit cards or loans but the economy has suffered so much that even banks have no money now.
My point is where are we heading too, now this is the time we all have to be together & try not depend on just one country, we need a global market.
Hope this meltdown in US economy grows soon & many more jobs & Business will be saved.
Do let me know what you think about my opinion,
Regards,
Dilip