Ten Things About The Economic Crisis

Ten Things Your Reader Won’t Know About The Economic Crisis

1. Fact or detail:
There is a widespread belief that the current economic crisis is a result from a financial/banking crisis.
Source information:
http://cynicuseconomicus.blogspot.com/2009/02/economic-crisis-underlying-cause.html

2. Fact or detail:
The economic crisis has gotten so bad due to greed, the housing market, and how the credit well dried up.
Source information:
http://cashmoneylife.com/2008/09/29/economic-financial-crisis-2008-causes/

3. Fact or detail:
The U.S. economy is currently experiencing its worst crisis since the Great Depression.
Source information:
http://www.isreview.org/issues/64/feat-moseley.shtml

4. Fact or detail:
The economy has been steadily declining for over three years.
Source information:
http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Impact_of_the_economic_crisis_on_unemployment

5. Fact or detail:
Among the major worker groups, the unemployment rates for adult men (10.0 per-cent), adult women (8.0 percent), whites (8.8 percent), blacks (15.8 percent), Hispanics (12.4 percent), and teenagers (25.0 percent) showed little to no change in February.
Source information:
http://www.bls.gov/news.release/empsit.nr0.htm

6. Fact or detail:
The unemployment rate is predicted to decline.
Source information:
http://www.forecasts.org/unemploy.htm

7. Fact or detail:
For every 1% increase in job creation, there would be approximately 250,000 additional jobs created in the United States over the next ten years.
Source information:
http://www.lewrockwell.com/thornton/thornton20.html

8. Fact or detail:
A survey indicates that less than 10% of American workers loose jobs due to American Job outsourcing which makes the picture clear that the problem is somewhere else.
Source information:
http://www.cyfuture.com/outsourcing-american-jobs.htm

9. Fact or detail:
Workers in manufacturing jobs, also known as “blue collar workers,” have long been exposed to foreign competition, losing jobs to lower wages abroad.
Source information:
http://gbgm-umc.org/global_news/full_article.cfm?articleid=2574

10. Fact or detail:
The Economic Crisis of 2008 is believed to have occurred because of global inflation, increased unemployment, high oil and food prices, a declining dollar value, a horrible housing market, and a subprime mortgage crisis.
Source information:
http://wiki.lexisnexis.com/academic/index.php?title=Economic_Crisis_2008