What you didn’t know about recession
Recession sends shivers to many and to some it is opportunity which they waited for long time.
Recession hits our financial institutions first and then our lives are affected. Companies go for down-sizing and lots of people are laid off. Lot of people loose job in affected companies. Time seems such that nobody wants the goods anymore.
Such a terrible time!!! And still few people grin with joy.
Here are some startling facts about recession.
During economic depression, divorce rate goes down. There are factors which are linked to divorce and size of economy. For some, divorce becomes a luxury during recession and the poor guy can't afford it in tough times. Rough figures for drop in divorce cases are around 37% according to the American Academy of Matrimonial Lawyers.
Recession sees major boost in major number of patients for psychiatrists. Psychiatrists have busy time during economic difficulties.
Numbers of people, who go to church, increase during recession.
Crimes like burglaries and theft increase during any economic slow downs.
There are no numbers available on effects of recession on corruption. Speculation is that corruption and recession go hand-in-hand.
Many countries are on the verge of facing negative inflation coupled with recession.
There are no absolute numbers available on political fallout due to recession. Different countries saw politically influenced moves like be national by national type of sentiments.
Emigration data shows down trend for developed countries. Less people migrated to other countries during recession.
Besides above there are many effects such as shares price, companies closures and lay off etc.
Now here comes the deal.
There are people who use recession for building their wealth for future. They buy good properties for cheap prices. These people also buy large stakes in companies during recession which come cheaper. It is good time for them to invest for future and for long time. As economy improves itself, their investment will grow.
There are certain rich peoples from Middle East; every economic difficulty is boon for them. Rich investors from Middle East who have oil-money wait for recession. Recession is life time opportunity for them to get new stakes, raise existing share in company. Troubled west looks to them for help during recession. That help comes with a price.
Certainly, recession is worst for many and best for few. Best for those who have money and can invest in troubled times. |
