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Ally Stewart
Member Since: 10/21/2011
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Ally Stewart   My Press Releases

Recession! What Recession.

Published on 4/6/2012
For additional information  Click Here

Recession! What Recession? This article is my personal view on the recession. I am looking for people to write long comments with their own views. I am also looking for permission from you to use your comments to create another article on the subject and use it on my website. I can be contacted on if you wish to send me anything that might help me publish the article. Recession! What Recession? The financial system has crashed. The banks aren’t lending money easily. If they do lend they need security or large deposits before they will grant a loan. It became very difficult for people to finance their business or purchase a house. This lack of finance led to many businesses closing and going bankrupt. These closures led to people spending less money therefore forcing the downward spiral of more businesses closing and others downsizing. Factory output fell becuase even more people didn’t have money to buy the manufactured products. Then the factories made even more people redundant and so it goes on. That is the recession we are all facing right now. But it doesn’t have to be like that, the future is in our own hands. Governments around the world are doing all they can to stimulate the economy. The Bank of England alone has put Billions of £s into the British economy. In The USA I am sure the Central Reserve has done the same. It’s all about confidence. The only thing that is keeping the economy in recession is lack of confidence. It is easy to lack confidence if you are facing redundancy. Or you are already out of work. Think about this. There is more money in the economy now than there was when the recession started. The question is: Where is the money now and who has got it? I am not going to answer that question for you, that’s for you to think about. Just find out where the money is and get in front of it. I can tell you this though. A recession is a great time to start a business. How can it be I hear you ask? Let me tell you. You have less competition, prices for supplies are cheaper and if you plan on employing people you can get a good deal on wages. Some things boom, even in a recession. Alcohol for example. People are spending record amounts of money on alcohol as they try to cheer themselves and forget their harsh reality. Food, especially cheaper brands. People need to eat. That’s just 2 examples, there are many more. Think about it. When you hit rock bottom, the only way is up. As a builder, I know that rock bottom is a great place to start building from. The economy has hit rock bottom. Now is the time to be confident, build a business and start spending some money in the stores to help build the economy. Buy products from every country, not just where you live. Start your own online business. I didn’t mention this in the paragraph above because I wanted you to think about it first. Another thing that booms in a recession is people looking at ways to earn extra money. Right now these people are looking on the internet. That’s where we come in and build our own businesses helping these people earn money. There is no recession in my view. Just lack of confidence. I am looking forward to all your comments. Thank you. You can find ideas for your business on my website.
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