Million on 05 August 2008
This is kinda off topic but who profits from loads of people defaulting on their loan payments , the economic chrisis must mean that the money is going into someones pockets right ? I mean the money can't just disapear can it ?. I like to think of money like energy .
IS america or UK really in a recession ? here in the UK there's quite a few job losses and such but apart from life being more expensive everthing seems to be business as usual ,i'm a student and i can't say i'm feeling the effects on any economy downturn . economic growth is slowing down in the UK but it hasn't halted or become negative so we can't technicaly be in a recession.
Edit : fixed 2nd paragraph didn't make sense.
I wish i could bring you guys to the exam hall :(.
