Great Depression Of 2008

Just Call it Depression & Not recession

It is called as a great depression of 1930 but whether the recession of 2008 will break that record & whether it will become a great great depression of 2008-2009. No one actually knows how far this recession will go & what will be the consequences on the world economy? Actually it has started showing effects & thousands lakhs of people have lost their jobs.
In states, the situation is worst as already many of the jobs were outsourced to other countries & now in this scenario american people are also not sure bout the jobs whatever remained in states. It is said that the year 2009 year will Be worse than 2008 but instead It will be year of survival & In the 2nd half of 2010 World Economy will start recovering at snail’s Pace & after 2years i.e. around mid-2012, world economy will return where it was in 1st half of 2008. so still a rough road ahead & we have a long way to go. But This leaves no option for us. One has to go through this as You are not only one who is getting suffered at this juncture but whole world is at stake. & the most important thing is though Economics is science & It has some basic rules which can't go wrong at any time, but as human being & human activities form basic part of world economy & all of us know human being is unpredictable & human science has no set rules so anything can happen in world economy like this recovery of market will take place earlier than 2012. no need to wait until 2012. but No one is sure about this also. In this current situation everything is unpredictable so keep ur fingers crossed, Just be happy & In case of any difficulty, visit my blogs regularly as more articles are coming in near future on my blog regarding how to deal with recession. Good Bye. Take Care.