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Nah
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Join Date: Feb 2006
Location: France.
Posts: 27,913
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Nah
Join Date: Feb 2006
Location: France.
Posts: 27,913
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The thing is, there are economic cycles and when there's a recession, it's always followed by a dynamic area. I mean Kondratieff showed that every 50 years, a new cycle begins so we can ask if this is the end of the one who started in 1945.
I think the recession is good for the reason I said above but also because it makes people think about the problem, it can't get any worse: look at Obama, Sarkozy, Merkel and co. They finally understood it's time to react.
But the recession is also bad of course: Unemployment, more poor people etc...
According to different economists, the first semester of 2009 will be terrible because so far, it has only affected the financial field...but now, it's time for costumers to suffer and it won't be pretty.
It should go back to normal at the end of 2009-beginning 2010 but who knows.
(I can talk about it for hours, Business is my thing lol)
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