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After the September 11th tragedy our economy was in serious jeopardy of entering a recession After months of great decision making by Alan Greenspan economic analysis and the benefits of a flexible economy it seems we have fared very well and are recovering much more quickly than expected The article Lessons of Expansion are Helping Economy Beat Recession Too by Ip and Gold of The Wall Street Journal stresses that our economy is much more flexible today than it has ever been before Industries using modern technology can adjust inventories and analyze sales in a very short period of time which helps them make informed decisions on what to do with their businesses Keeping production lines running is hindering rises in the rate of unemployment and offering products to consumers at competitive prices Aiding the economy in recovery are very low mortgage rates on homes and zero percent financing on most automobiles Auto dealers are helping with the increasing use of asset-backed securities which helps them make deals with consumers Additional incentives to buy a car should be plentiful due to the increase of production in the auto and many other industries Businesses today are also thanking the makers of programs which help them control inventory and labor force and aid in the tracking of products and customer inventory Using these devices owners can more easily control their labor force and the use of temporary employees which should be returning to work and staying employed for what looks to be a good period of time Offices are reopening employees who were once laid off are working again and rusty production machines are kicking back into service all due to the flexible nature of our economy The most resilient and critical part of the recovery without a doubt has been the financial market With the prices of houses and property going down and the decrease in mortgage rates families are refinancing and spending the
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