Recession in US

Every day for the past six months, especially ever since the sub-prime crisis started blowing up in July 08 the whole world talks about the recession in the US. Stock markets in the every other country which rose to fantastic heights in the last half of 2008 just fell down like there is not going tomorrow.

There is always a dislike for that great country called the United States of America in many parts of the world mainly nurtured in the early days of communism. So now that the US economy seems to falter many people take joy in it.

Forget the other countries – many of them have a contrived view of what a free enterprise is. But the sad part is the US itself. Every other day different people there come out with different opinion. If you just follow the Dow headlines one day you will find that the credit worry is receding and the next day Dow falls then the headlines will scream recession is upon.

Has no country seen recession any time in their life time? It is all a cycle. Recession, Depression, Recovery and Bloom in that order is the four famous economic cycles. Every body thinks the worst part is the depression – yes no doubt – but the much more worse part than the depression is the bloom cycle where we through away all caution to the wind – full force manufacture, heavy spending and very little savings. This gradually leads to recession again then the whole cycle repeats. Depending upon the wealth size of the country the cycle may be of few months or years.

I do not know whether the US is in recession cycle or not – but it is my firm belief that if all it has set into a recession then it has got that great resiliency to come out very soon.

GET WELL UNITES STATES! THE GLOBE NEEDS YOU!!