If you have been watching the news then you have probably heard about how uneasy the stock market has been. Some stocks plummet and then bounce back and then plummet again. This has been caused by more global issues than local issues. However, the last time the stock market was uneasy America ended up in a recession. Many people think that another recession is on its way. With unemployment rates and the stock market in turmoil it is easy to see why people would think that we are heading right back into the same predicament if not worse off.
There are many banks that are offering credit lines with interest rates as low as 2% to certain people. Credit was part of the problem that caused the first recession. Now with more people and companies having access to credit it sends up red flags about where we may be heading.
Unemployment rates aren’t really getting any better as predicted. Unemployment creates many problems for the economy. With the rates not improving as hoped it can show that there are still many Americans who the government is providing for in order to keep them afloat. Also, these Americans aren’t spending as much money as those employed which doesn’t help the economy.
Many think that the debt deal is only stalling the inevitable. Washington doesn’t seem to be making many progressive laws towards helping pull the United States out of this. This week the stock market has taken some pretty uneasy turns. This has many people having flashbacks to when the stock market crashed and we headed into a recession in 2007.
There are other signs though credit, stocks, and unemployment are some of the signs that are most prevalent for the United States currently. Who knows where we are heading. I would love to see your comments on what you think is going on and where America is heading.