Is The Economy In Recession

Running Head : RECESSION OF THE US ECONOMY (Name (Institution (Grade range (Tutor s Name6 /3 /2008IntroductionYes , I do agree with Warren heel counter that the US economy is on street corner Buffet was tho echoing the words of Bill Gross , founder of Pimco , who on Dec 2007 had said that the US was already in recession by then . This has been shown by the fact that there has been a decline in the GDP and a recent name in the economic times the level of unemployment now stands at 5 which is the highest for the last ten years . Many passel among them the US president , do not agree with this disputation since they are not exposed to the indicators of economic growth or as in the president s case are in denial simply to avoid sending the wrong core to the investors . However , statistics show decline in the GDP , drift of employment and the performance of the stock market . A somebody on the ground or rather a person who is directly positioned close to the indicators have a different cerebration on this matterCase study-pretty wood furniture sAs a sales executive with the above firm , I have been monitoring the land site as it is , regarding the economy based on the level of sales in the aforesaid firm . In the previous hebdomad of trading , the firm recorded its lowest weekly sales in 8 years . The firm undertook the initiative to remark out what was the reason for such a drop while the sales had been on an upward trend since the slump in sales 8 years ago . Of the main reasons , the virtually prominent one was unemployment .

Prettywood furniture s specializes in home furnitures and thence was hard hit by the increased levels of unemployment meaning that there was a decline in the amount of disposable income to the households look into also showed that our customers are satisfied with the quality of our products and thus their main reason for holding back was that they could not afford it or were just saving their money fearing for hard times in the recession phase Therefore I am of the stamp that the economy is in recessionReferencesnetwork .nationalpost .com /np /blogs /fpposted /archive /2007 /12 /21 /bill-gross -says-u-s-in-recession-report .aspx - 48k - (Accessed 6 March , 2008network .nationalpost .com /np /blogs /fpposted /archive /2007 /12 /21 /bill-gross -says-u-s-in-recessi48k (Accessed 6 March , 2008business .timesonline .co .uk /tol /business /economics /wef /article3241372 .ece -biz .yahoo .com /ap /080303 /buffett_economy .html ? 19kprettywood furnitures sales records ( Accessed 6 March , 2008br US Economy...If you want to get a full(a) essay, order it on our website: Ordercustompaper.com

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