A recession is anything but amusing. Although the recession we’ve experienced in the last two decades certainly resemble an “amusement” ride.

What the “Experts” Tell Us

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Spend, Expand, Recover, Remember, the recession is a global problem. There are many in China and Japan as there are Britons, Americans, Europeans and Latinos experiencing “the recession”. However, China has bounced back faster and higher than the West. This could be due to innovation, urbanization, credit resolution, or all of the above. Regardless, China and its citizens are on the way to recovery while other nations continue to struggle. China has expanded to get out of their recession, while other countries appear to have pulled-back to correct deficits with workforce reductions, company mergers and production slowdowns. Not everyone is advocating cutbacks. Economic experts are actually telling consumers to spend. Really, they contend consumer debt is the root cause of recession-on one hand, and say spending is needed to help the economy bounce back and end the recession-on the other.

What are we to believe? Expansion seems to have worked for China. But what works for one does not necessarily work for another. In other words, how are we expected to spend when every penny goes to inflation and asset devaluation?

“From the point of view for the entire economy we want people to spend” says Mike Walden, North Carolina State University Economist. “Experts say that in a recession when times are tough individually every purchase helps collectively”

Most “mainstream economists” (those of whom most of us cannot personally relate) believe that recessions are caused by reduced purchase of goods and services. These experts advocate expansion by politicizing the buy, buy, or spend, spend, spend dogma.

Depending on which particular school of thought or training, the economist subscribes will generally determine which strategy he / she favors to be the quickest and the most effective remedy for bouncing out of recession. As a result, experts may suggest the following:

o Raising or lowering interest rates to control inflation and encourage buying, borrowing and spending.

o Government purchase of goods and services (spending on infrastructure improvement and research, which can crate short-term jobs and increased spending on many levels)

Government redistributing income paid to those on welfare and social security, as well as businesses that receive subsidies to encourage spending and borrowing.

o Tax cuts to promote business investment and expansion (possibly encouraging job creation that results in eventual increased consumer spending)

How to Bounce Back From Recession
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