What caused the recession?

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Oct 23, 2009
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#1
What is the cause of the recession? I’m no economist, but I’ve suspected it was caused primarily by the low interest rates we’ve had for such a long time. Low interest rates encourage spending, don’t they, and after so many years, perhaps the country just ran out of money to spend. In addition, I don’t suppose the two wars and Hurricane Katrina have helped anything.
 
Z

zeffers

Guest
#2
It's all back to spiritual understanding of principals. Fear is what caused the recession. :) It's really simple, when you also don't honor God, or obey Him in the blessing with a right attitude towards money, then selfishness will only wrought destruction. With the world based in fear, fear is the driving force behind it all. The wars are all part of the New World Order Agenda anyways. The States is to become bankrupt.