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The ripple effect of September 11ths terrorist attack upon the World Trade Center and the Pentagon has created an enormous void in Americas economy With recession on everyones mind this unexpected and violent downslide has placed tens of thousands out of work and threatens to completely undermine the very foundation of the United States economic system As a nervous nation looks ahead at the months to come every indication seems to point to economic distress according to economists the US economy is going to experience some extremely tough times in the months ahead The Ripple Effect Concerns over inflation unemployment and interest rates are not unfounded inasmuch as every element necessary for a recession is currently present within the American economy While inflation has been a constant component of an already unstable market the United States is now experiencing an even greater separation between personal income and necessary expenditure to the point where people are finding it extremely difficult to meet basic needs Coupled with the recent surge in unemployment rates Americas delicate economic balance has become irreparably disproportional The cyclical aspect of this situation finds that the jobless do not spend the employed hold fast to their money and the supply and demand for virtually every commodity comes to a screeching halt Consumers are like deer in the headlights Theyre just paused and waiting to see what happens next Ripple Effect Federal Reserve Chairman Alan Greenspan may have lowered interest rates with the intention of creating more security in spending however this good faith gesture has not proven strong enough to bolster the crumbling courage of a nation in peril Analysts are now predicting that consumer spending - which accounts for more than two thirds of total US economic output - will suffer even more as people choose to put off postpone and stay in rather than go out and spend Ripple Effect With tens of thousands of people losing their jobs within just
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