Tuesday, January 29, 2008

Is Recession Here Already?

I've visited some of the main shopping malls and in my opinion, the Chinese New Year decor seems pale compared to previous years. Even the Chinese New Year ambiance is down several degrees. It makes me wonder whether recession has started setting in.

Recession would mean a slow down in business which in turn leads to more unemployment and a higher crime rate. Each time there is a recession, there is a higher rate of burglary and snatch thievery.

Let's hope I'm wrong and we continue to have a robust economy. Let's pray the government remember the poor and needy, both rural and urban and monitor price control. Most people think of the rural people when talking about poverty but I think the urban poor suffer as much and in certain situations, more severely. They still have to pay the rental, the food the transport unlike the rural folks who can always resort to growing their foodstuff.

1 comment:

Past Expiry said...

Check out this cartoon about the recession!