While the world seems to be in a financial crisis, this isn’t entirely due to the recession. It is caused by a series of unfortunate events that will impact every single country in the world. We are all in the middle of a recession now, and it’s caused by an event called The Recession that was triggered by the collapse of Lehman Brothers, which saw banks and financial institutions shut down for several hours at various banks.
The fact that so many people are losing jobs not only makes this whole recession bigger, but it seems that there is a serious issue with too many layoffs. On top of all of this is the fact that many small business owners have lost their ability to invest. Old blog: The recession came into being when Lehman Brothers blew up in 2008. For over eight years now, the economy has gone through an economic recession which caused over 18 million Americans to lose their job.
This is why we are so worried now. The recession is coming not because of any new policies, or the economy is doing what most people think it is doing, although yes, we are afraid of the economic recession due to the amount of people losing their jobs.The recession is causing many people to lose their income, so if anyone needs help or if they are unable to pay their rent or mortgage, then there is no need to panic.
Not a surprise, The recession hit the United States hard, but not as much as other countries. For those of you that are out of jobs right now, you are probably wondering why everyone is talking like this. It is because it is not all our fault, but in fact, it is going to be hard to stop as soon as we had the power to begin with.
Not only is this recession hitting everyone, but the recession is also hitting businesses badly so that they do not see a way forward before the recession ends. People are losing their jobs, yet they do not have the money to pay the bills, and that is the problem. Companies are closing their doors, and if you are lucky enough to get a job right now, you will also have to pay your rent, and then you can only hope to get another job soon.
This recession came into existence as a consequence of the collapse of the housing industry in September 2007. The housing bust came right after the Lehman banks collapsed. The bust itself had nothing to do with new policies or economics. Just like the housing industry, the banks had to go, and this caused this economic recession to arise. We need to understand that a house does not only have a worth of $1,000,000, that it is made up of a variety of resources.
