Recession?

http://news.bbc.co.uk/1/hi/business/7202645.stm

I really don’t know anything about economics, or money, or any such such for that matter (my failing as a person, I suppose…)

This sounds bad, I overhear things from others about how the recession may make things worse. Some things that might directly relate to:

  1. Availability of everyday resources?
  2. Funding for academia
  3. Tax effects, welfare provisions?
  4. Housing?
  5. The change in the role of the USA
  6. The increase in predominance of economies like India and China?

 Someone tell me what impact the US economy will have?

I was never good at macro-stuff…

Antisophie

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