Since September 2008 and demise of some of the biggest investment banks of US of A the economy is in its biggest downfall since the great depression. Crazy meteoric rise of USA and its allies is a history. Gone are the days when someone can buy a car during weekly shopping and buy a house 10times their annual salary in anticipation that the price will be double in a year.
Non sustainable growth and borrowing is thing of past.
I am not sure where the US Economy is headed but I am quite sure the recovery is not expected soon. Situation in Silicon Valley is so bad that driving around here make me feel driving in the ghost town with empty office parks and 'for lease signs around'. With mass layoffs and companies shutting their doors Silicon valley is turned into a ghost town.
I am not sure about US Economy and Bail Outs. It sounds like decline of UK Empire post 1929 depression and US super power. This time is like US decline and Chinese uprise.
Lets hope for the best!!
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