How the Bailout Failure Will Affect New Trends for 2011
Article by Johns
One of the most controversial bailout of our time is the one implemented by the US government in the year 2008. Even though there is no one agreement on how effective the bailout was to the economy, most suspect that it is going to affect the new trends for 2011. To some this bail out was the savior the great depression threat, but to others it is more of just a cover up.
One of the new trends for 2011 is that the bulk of unpaid loans and mortgages will be on the rise. There are those who argue that the huge amount of money that was used during the bailout process should have been used to help individuals clear up their personal and commercial loans. What’s more, statistics indicate that as more and more youth leave college they come out having amassed a large debt yet they have no jobs that they could use to get money to pay the debts. What this means is the US will have more disgruntled youth on their hands. This means that the crime rate will also be on the high.
Another trend that you can expect in 2011 is the rise of currency wars from families to other big institutions. When this happens more the financial institutions will try to work out ways of ensuring that they get their money to be able to balance their fiscal needs and obligations. This will only server to frustrate the citizens who are already tethering on the brink of bankruptcy.
Although it has not yet been see to happen, it is being predicted that the great depression will set again if nothing is done to change the current situation of the economy. In addition the government should try to find a solution fast before the bailout failure greatly affects 2011.
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