Why is our Economy in a Recession

10 REASON We’re in a Recession:

1. Unemployment rate is up (Massive layoffs)

2. Poor finanical reports from large companies (GM threatening bankruptcy)

3. Borrowers are defaulting on loans. (Home foreclosures)

4. Credit Card purchases are up. (We’re living on borrowed money)

5. Price of essential commodities is shooting up. (Gas, milk, clothes, food)

6. Companies stop hiring (Hiring freezes at Home Depot, UPS, AMEX)

7. Prices of land and stocks tumble (Nobody buying out of fear)

8. The US GDP (Gross Domestic Production) goes down

9. Savings are used for day to day expenses

10. You worrying about all of the above.

GET READY FOR THE NEXT WAVE - DEPRESSION. START SAVING AND PUT SOME FOOD AND WATER IN THE CUPBOARDS. YOU’LL BE GLAD YOU DID!