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The recession is something that destroyed the economy there is no doubt about that but the real fact is that it had to happen.
There was a boom that lasted a long time and the world was enjoying living in quite a bit of luxury, it was because of this boom that a big recession was inevitable. The recession came down hard and fast on the world and was a bit unexpected for the people that knew nothing about the business world yet it would seem that the worst affect are the businesses. Many businesses did not look out for the change and it would seem that this is just one of the reasons they were hit pretty hard, some were prepared and are still running with huge profits coming in.
The Banks
The banks seemed to know what was going on and so did much of the government and this is how the recession actually came to be, the government as most governments were only thinking of themselves. The real shocker is that the high up people did nothing at all to help the people it was going to affect. The banks did seem to ge the worst of it and perhaps it was deserved for causing it in the first place although I am not sure the job losses were good.
Many companies cut back on jobs but got other businesses to do the jobs the other people were doing Print Services were handed over to Direct Mail Companies that could charge less than the salary cost the company. Many of these companies also had Data Management services which of course could then be put in with the price too.
It had to happen as it will happen again but as we slowly rise out of this mess we need to look forward to another boom.
