The Red Sox’s always slump this time of year, their season usually turns around as past history has shown. The Celtics are building for the future with the Rasheed Wallace deal.

As a result of banks being carless in their spendings, the U.S is in a state of recession. So the American people are almost forced to budget their money and spending so that individually they dont go bankcrupt. But in order for the economy to look up Americans need to buy more and spend more. (even though i just contradicted myself) What i guess i’m trying to say is that with the help of the government, we as individuals, the economy will fix itself.

Honestly, Everyone knows that the economy is really bad right now. I strongly believe that people have to learn how to buget and focuse on the nessasary things until the economy get better.We have to really be wise and know what we are spending our money on.If we dont save up now,now that the economy is really bad we will find ourselfs going through great depression. Therefore, be wise and make the right choice because what ever choice we make today will effect us tomorrow.

With unemployment rising and a decline in discretionary spending, retailers are going to have to pull out all the stops to get consumers to purchase goods for the back-to-school and holiday seasons. Seems like a viscious cycle to me…Consumers are afraid of losing their jobs and therefor the are afraid to spend on anything but the necessities of life. This lack of consumer spending drives the prices down which isn’t a bad thing if you’re looking for a bargain. But with this comes a downturn in the profits of retailers. Less profit will mean that the retailer will eventually have to start laying off employees…these employees, now out of the workforce, will have to drastically reduce their spendng habits. The only answer seems to lie in coming up with a way to reduce the unemployment rate.

The measures of economic performance in the retail sector seems to me to be the proverbial catch-22. Sales are falling dramatically because the average consumer does not have the expendable income that they used to. At the same time many of these same consumers that are losing their disposable income due to layoffs or paycuts actually work in the retail industry, which means that if consumers are not spending their money at stores the employees of those stores are unable to earn their own income and in turn spend their’s. With the unemployment rate closing in on 9.5% there are less people that have income that can be spent on the type of luxury items that are usually sold via retail stores. Further more those consumers that do still hold down steady employment are going to be less likely to spend their extra income as most may look at the increasing number of the unemployed and guessing that they may be next in line. Unfortunately the best way to stop such an economic downturn is to increase spending and spending is what happens when consumers have disposable income and aren’t worried about when they will get their next paycheck, somethin that for many at this point in time is never a sure thing. To me it seems that the author of this article is correct in making the point that the time has come for the retail industry to look to the government to increase spending and lead them through these difficult financial times, since to rely on consumers that are for the most are cutting back on everything but the necessities is similar to a deathrow inmate waiting for the executioner to lead him to the electric chair, a no win proposition.

There has been improvement in the retail sector, which I don’t think it will last and there wore more workers filing first-time jobless claims and receiving unemployment benefits. Now, to make money from potential customers, bringing up higher unemployment can lead to high lending and if unemployment increases so will the cost of credit will increase. If we have an easy ability of a credit then consumers can spend.