Recession In America

Decent Essays
The United States is one of the leading countries when it comes to Economists, yet despite this fact they do not control nor can they prevent a recession. Having that said, a recession in our country is caused by the people. It’s important to mention that the economy is very unpredictable, for example, in 2004 the price for housing had skyrocketed. People were taking loans out to buy homes they could not afford. By 2006 the prices for housing had dropped significantly, and nobody could sell their house because the price they bought it at has now decreased and is not worth as much as it used to be. It was something no one could have foreseen. Unfortunately, Economist have little control over what occurs in the economy, all they can do analyze

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