• About
  • Rent College Pads
  • Advertise
  • Privacy
Search
News
Opinions
Sports
Classifieds
Comics
BMA
Events
Subscribe

Donate

Eastern Echo

Tuesday, January 26, 2021 Print Edition

Subscribe

  • News
  • Sports
  • Opinions
  • Comics
  • Profiles
  • Podcast
  • BMA
  • Events
  • Classifieds
  • Search
  • News
  • Sports
  • Opinions
  • Comics
  • Profiles
  • Podcast
  • BMA
  • Events
  • Classifieds
Search

Subscribe to the Echo

Donate to The Echo

You can support the Echo by donating through the EMU Foundation and selecting to apply your gift to a specific fund. Any of the funds listed below will provide support to the Echo.

01049 -- EMU Echo Editor Endowed Scholarship:  Provides financial support for the current EMU Echo Editor.

02414 -- Scott Stephenson Eastern Echo Scholarship:  This expendable scholarship is for the benefit of student(s) in the School of Communication, Media & Theater Arts in the College of Arts & Sciences.  It will be awarded to a full or part-time junior or senior EMU student majoring in journalism and working for the Eastern Echo.  The student should be working to self-finance their education and not be eligible for need-based grants.

00825 -- Student Media Development:  Provides support for the Student Media program.

Thank you for supporting the Echo and EMU Student Media.

Give Now


11/7/2010, 7:04pm

Recession might become stagnant before improving

By Chris Hoitash

Share

  • Share
  • Tweet
  • Mail
  • Print

The Associated Press released information regarding the National Association for Business Economics survey. The results of the survey reveal economists believe the economy’s recovery will be slower than previously expected.

In other news, unicorns aren’t real, Darth Vader is Luke Skywalker’s father and Africa is a continent. Anyone surprised by this news has entered a deep state of denial or has suffered severe head trauma, possibly from trying to kill the last unicorn for food.

It’s nice the experts are now in agreement saying the economy is normal on paper doesn’t make it real. Now if they could just come up with some solutions that worked in practice as well as on paper, we might get somewhere.

Since I’m talking about economics I’ll throw some numbers at you, namely the numbers of economists, “economists have become more cautious in the third quarter, with 54 percent expecting growth of more than 2 percent in 2010, down from 67 percent in a similar survey last quarter. Still, those in the survey saw improvement in a number of areas.”

The improving numbers remarkably includes employment, which might be the best sign of recovery. Increased profit margins and goods production are also up, but transportation, communication and utilities are still stagnant.

So while one section of the economy is improving others are still stuck. This means America can’t get complacent. Just because things are starting to get better, it’s all the more reason to keep working at improvement. Practicing the money-saving methods we’ve been doing since the economy sunk is still important. Staying vigilant now will ensure a recovery, even if a slow one, and a slow recovery will probably be more stable anyway.

This is especially important because, according to the survey, prices are going to increase. If you’re thinking an increase in prices will stagnate recovery and render money saving methods useless, it might. Hence the need to keep it up, because if the economy stagnates we can at least fight to keep it from getting worse.

This would mean a better launching point for a renewed recovery. Hopefully it won’t come to that, but we need to be prepared if it does.

Americans can’t afford to be complacent with the economy; that’s what got us in this mess in the first place. Careful planning and a watchful eye will help ensure a stable recovery.

Another problem the survey anticipated was government regulations and taxes. These are nothing new, and at least we can see them coming, allowing them to be planned for. On the bright side, maybe the regulation will help prevent another economic downturn, without being so rigid as to prevent growth and change as its need arises.

Taxes are nothing new, even if we are sick of them, but in either case we must stay the course to economic recovery, no matter how long it takes.

I don’t want to think about the effects of another crisis so close to this budding recovery, and hopefully the economists don’t, either.

Share



Related Stories

sean-foley-qwlkNzlDf5I-unsplash.jpg

Review: Cyberpunk 2077 doesn't live up to the hype

By Caleb Burlingame

Photo by Todd Greene on Unsplash.

Opinion: Predicting each number one seed for the NCAA tournament

By Caleb Burlingame

clem turner screenshot

Review: I fell in love with Clem Turner's music, I think you will too

By Chelsea Bacci


The Eastern Echo welcomes thoughtful discussion on all of our stories, but please keep comments civil and on-topic. Read our full guidelines here.


Most Popular


1/24/2021, 9:29pm

Campus-Area Crime Map: Jan. 13 through Jan. 23

By Tyler Gaw

The campus–area crime map is a report of criminal activity that has been reported in the Ypsilanti-area as well as on the campus of Eastern Michigan University.


1/20/2021, 1:08pm

Eastern Michigan University students launch job search website to fill roles at small businesses in the Ypsilanti and the Downriver community


1/24/2021, 9:31pm

Review: I fell in love with Clem Turner's music, I think you will too


1/24/2021, 9:37pm

Review: Cyberpunk 2077 doesn't live up to the hype


Podcast


1/23/2021, 3:24pm

The Factory Report: Volleyball is back!


1/21/2021, 2:55pm

Podcast: January 20, 2020


1/17/2021, 9:00pm

The Road to the Mac Tournament For EMU Men’s and Women’s Basketball


1/14/2021, 7:11pm

Documentary features EMU student artists' experiences amidst COVID-19 pandemic


Tweets by TheEasternEcho
Eastern Michigan Echo To Homepage
  • About
  • Jobs
  • Freelance
  • Submissions
  • Contact
  • Advertise
  • Distribution

All Rights Reserved

© Copyright 2021 The Eastern Echo

Powered by Solutions by The State News.