#8

Name: webb49712054
Reaction Article#8
Date:27/11/2008
From: New York
My reaction
According to Michael M. Grynbaum’s “U.S. consumer spending declines again”, he proposed a severe view toward the world we face now.
He lets us know what the problem of the world economic.
Why the whole globe is in such a terrible status does not give us an obstinate image to think. The origin of the reason why the world economic go form bad to worse is because the American bank system run badly. The crisis comes from the high price of gasoline and because of this all the daily necessities are also given a higher price than they should be. And I think maybe it is due to the high status of everything and a lot of families can not make ends meet and thus it gives rise to the spending rate is dropping so dramatically. As the American themselves said the free spending habit of their former life style should be devised. But it seems that not all the business markets are in a bad situation. The communication equipment is the exception. Maybe it is why so many communication company can still struggle until now.
I think nowadays what we should put at the top priority is control our own desire. I can easily think of if we saved the money we throw in the drinking machines and what if we saved them just only a month and how much money we can keep for our own. It maybe the most efficient way to battle with the whole deteriorating condition now and the maybe also the most useful method to sway over this hard period.