In Louisiana, the President said in a business meeting with business leaders that people had a more positive approach towards economic panic.

While Federal Reserve chief Ben Bernanke said that we might need more spending to fight the slowdown.

Mr Bernanke said that American economy was weak for many quarters instead of saying that the US economy was in recession.

‘If a fresh economic stimulus package is given at that time, it would be more appropriate’ he explained in the US House of Representative budget committee.

While a White House spokesman explained that Bush administration was considering a new package and would seek guidance from others in this connection.

The President had an optimistic tone in his address at the Central Louisiana Chamber of Commerce.

“I can see that there is a change in people’s attitude if compared to a period of intense concerns and it was a near panic that was getting more relaxed now.” The President said.

The US economy was badly hit by a series of crises in the credit and financial sectors.

According to some analysts, the US economy will shrink further this year and early next year.

During the April –June period, Japan’s gross domestic product (GDP) fell with an annual pace of 2.4 percent.

These new figures, which are the first negative reading in four quarters, indicate that Japan’s six-year expansion has come to an end.

The Cabinet Office told that GDP shrank 0.6 percent in that quarter while there was an increase of 0.8 percent during January-March .Private consumption fell 0.5 percent from the previous quarter and housing investment was 3.4 percent down.

Business investment and exports that are considered two major contributors in Japan’s six-year economic recovery are also getting bad to worse. There is 0.2 percent decrease in corporate capital investment in factories and equipment compared to the previous quarter.

These figures have been widely expected and they indicate sluggish economic activity in Japan.

The monthly economic report for the month of August was released during the last week that described weakening economic state of the country. However, the Cabinet Office is avoiding using the term ‘recession’.

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The employers are just sitting free and doing nothing regarding their future perspectives as there is a big economic-recession in the U.S leading millions of people jobless in every sphere of life like business, industry, trade, commerce, banking, architecture, accounts, insurance, coupons, retail business, wholesale, airlines, education and many other departments of the U.S.

People indulged in depression, trauma and enormous tensions and they couldn’t do anything especially regarding their lives and they were just seeing at rapid-changing-patterns of the American economy.

The protestation and agitation against the highly increased oil and gasoline prices are getting increased day by day in the United States of America as million of Americans left their daily working and quit from jobs and slogan against the Bush regime.

The business analysts noted an inclusive point about the changing patterns of World’s economy, “ We are living in the era of change and this change always proofs to be worst and destructive to an certain extent and at end it get equilibrated, but what about this $145 per barrel in the U.S, isn’t a big change! Certainly it is the major change ever in the economic history which does seem never ending. Need to think about it”.

High oil and gasoline prices shifted gears of world’s economy within seconds seeing that inflationary cycle prevailed in the Asian regions like Afghanistan, Pakistan, India, China, Japan, Taiwan, Iran, Malaysia, Indonesia, Bangladesh, etc. and many of trades of these countries were looking completely shattered.

In the same time, the economists stated, “It is the time of world economic-recession or might be economic-depression, because everything is getting highly costly and difficult to come by”. Added on, “The U.S is the main country from which economic-recession is going emerge all other regions of the world.”

This story shows that Job-cut, unemployment and poverty are increasingly emerged into a big cycle known “Economic-Recession and Economic-Depression” and it’s merely due to inflation, deflation, stagflation and all-encompassing economic declines.

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The Chinese manufactures estimated that inflationary cycle could go prolong for a period of four years and so and it might white-wash the entire Asia.

Meanwhile, Hong Kong brokerage CLSA Asia-Pacific Markets showed that The CLSA Purchasing Manufacturer’s index fell to 53.3 in June from 54.7 in May.

China’s Shanghai Composite fell by 3.1% to 2,696.18 accompanied by data viewing factory productivity badly demolished in June for the second month.

South Korean shares overturned gains after government data proved export growth rate declined to 17% in June from a year earlier lessening from a 27% expansion in May growth.

South Korea’s Kospi index fell by 0.5%, while Australia’s S&P/ASX 200 fell by 1.5% and New Zealand’s NZX-50 decreased by 0.6%.

Australia’s Central Bank kept its interim interest rate objective at a decade-high 7.25% Tuesday as projected. Meanwhile, Sydney-listed shares of Santos including AU, STO, News, Chart, and Profile fell down by 5.9%.

Markets in Hong Kong were stopped up for a public holiday. Taiwan’s Weighted Price Index fell by 1.5% and Singapore’s Straits Times fell down by 0.6% lower. In the meanwhile, target market in India, Vietnam, Hong Kong and Shanghai fell by 34%, 57 %, 21% and 48% respectively.

Somewhere else, Indonesia’s JSX composite was kept by 0.6%, India’s Sensex fell by 0.7% and Malaysia’s KLSE Composite eased up to 0.6%.

Crude-oil increased by $1.30 to $141.30 in electronic trading in late Tokyo business hours. Crude in August rushed forward up to a record $143.67 a barrel on the New York Mercantile Exchange Monday before let-up to end down 21 cents for the session.

In currencies, the yen changed by 106.29 against the U.S. dollar evaluated by 106.25 in late New York trading Monday and 106.17 late Friday.

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One of the realistic aspects of the modern day economy is the mounting inflationary rate and economic recession which is leading the world into depression as millions of people in the World are severely protesting against the regime of the United States why the prices of oil and gasoline are increasing and causing an ample influence on the overall economic-structure of the U.S.  This is all just because high oil and gasoline prices are also approved by the economists of the European countries.

Historic oil increase agonizing truckers

As the oil prices reached at $140 per barrel, the truckers get agitated and fell-down in a desperate way where they couldn’t do any thing special regarding the feasibility of their transportability just due to the consequences of highly-profiling inflationary cycles.

Job-cutting

You can see and observe a mammoth influence of high oil and gasoline prices upon the shrinking markets as the companies of the United States have strongly confirmed certain job-cuttings. For example, the declining ratio of job opportunities of the City-Group and Enterprises in the U.S confirms this fact.

Asia under severe economic-recession

The Asian countries are getting day by day effected due to inflationary phase as the prices of normal day commodities are increasing at an alarming rate such as wheat, rice, sugar, vegetables, meat, milk, tea, fish, fruits and all other kinds of groceries and this has led  millions of  people of Asian regions into an extreme economic-recession.

Lesser driving-aptitude

More and more driving-trend seems to be decreased in the phase of inflation and economic-recession and this has led to oil & gasoline pumps into a massive monetary-loss.

Shattering demand and supply cycle

Both demand and supply are badly affected due to economic-recession whereas the majority of the people don’t prefer to buying ample amount of commodities for their daily usage and in the meanwhile the manufactures became hopeless in meeting their business targets and earning a big lucrative.

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The biggest impact of high oil prices and prevailing inflation is the declining economic market where both the supply and demands have been badly shattered and led the industrialists and employers especially of the U.S into absolute demoralization.

Meanwhile, the stock market rates in the United States of America are getting declined with the passage of inflationary times, such as Wall Street decline in shares, American International Group Inc, American express Co, Bank of America Corp, Goldman Sachs Group Inc, etc.  The analysts are saying that those companies have been facing a mammoth amount of decline in their shares and profit.

There are some other overseas companies that are coping with economic recession and inflationary cycle. These companies are getting declined in their stock rates, such as Japan’s Nikkei stock average declined up to 0.04 percent, while Britain’s FTSE 100 went down up to 1.16 percent, Germanys’ DAX index peaked at 0.98 percent, and France’s CAC-40 increased up to 0.61 percent.

As far as the U.S job market is concerned, it is said merely declining, because the oil and gasoline prices, inflation, depression, recession led the job holders into cutting-off trend.

Every day, many of the jobs are being cut-off from the big employers of the United States and moreover the job holders are not being given their desirable amount of salaries. In response, they just depressed and doing nothing.

The Asian countries are under the extreme pressure of economic recession, inflation, stagflation, deflation, and depression these days. In this process, economists said it is merely happening due to high oil prices which caused to Asian under the recessionary cycle.

What should we do? Of course is the time of emergency and doing something better in saving the world’s biggest and threatening economic recession and depression.

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• Dollar value

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The economic is going on under the recessionary and inflationary cycle which is being carried on since the oil and gasoline prices have been raised in the U.S. The majority of the people in the United States are agitating so much against the policies of the President Bush regime, while Bush says no matter, because the U.S is the solo and dominant country in the world, ruling upon all over the world.

Asian economic market is also declining these days due to high oil prices in the U.S and all over the Euro around. These effected countries are India, Afghanistan, Indonesia, Sri Lanka, Pakistan, etc moving along with economic-recession.

Meanwhile, we remind to economic-recession of late 1930 in the U.S which devastated almost the entire economy of the world. Same is the case with today’s economy. People have been so much depressed that they don’t have enough economic power to buy on various and different sorts of commodities i.e, wheat, rice, pulses, vegetables, meat, fish, fruits, etc.

The circulation of supply and demand are shattered so much that manufacturers have stopped the supply of their productions, while the demands of the people is getting lesser and lesser day by day, hence prevailing as the inflationary phase.

The inflation is spreading so much in the world that the jobs opportunities in the United States have been cut-off. Several of the employees in the U.S companies are now jobless and they are helpless to do better for their future.

The culture of begging is increasing so much in the regions of Asia due to high inflationary/recessionary cycle. You could see numerous amounts of beggars while walking alongside the roads. Before this, the begging trend was quite low.

High oil prices became the huge worry not only for the people of the U.S but also Asian. The regimes of the entire world are worried while seeing at harmful impacts of the inflation. Therefore, it’s time for all of us to think serious and positively in decreasing the high inflationary rates.

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• Economic Recession

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The United States is suffering from inflation for the first time. It has already suffered from a huge loss during the recession era of 1930s where high crude oil prices demolished not only the U.S but also the entire world.

Today, millions of people are heavily suffering from societal, economical and cultural depressions and it is occurring due to widespread inflationary trend all around the world. The majority of the people are involved in hypertension, blood pressure, diabetes, depression and manic disorders due to high commodity prices and events of natural disasters and famines.

Meanwhile, the economists are saying that the U.S economy is under severe threat of 1930s recession, because the circumstances are turning towards a huge inflationary cycle throughout the United States.

The stocks of the U.S are trimming down. These inventories decreased by 4.6 million barrels to 303.2 million barrels last week. Now, the fourth week decline is started. These figures are shown by the Energy Department. Meanwhile, the analysts have predicted a mammoth decline in the U.S economy of about 1 million barrels.

The economists said that oil prices might switch up to $200 in the next 18 months in the world which could absolutely devastate the entire economy of the world. A lot of people could face an extreme whistle of famine and die of because of predicted starvation in the coming few years.

The election campaigns are almost over in the United States and the people are waiting for the next president of the U.S. It is projected that Obama is nearly reached to become the next president of the United States. The main questions are putting that how will the next regime of the country carry on the tasks especially combating with prevailing and agonizing inflation.

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A recession is meant by an economic decline.It is an activity, which is spread from corner to corner the economic condition of more than three months.The studies of macro economies show us that a recession is generated due to decline in Gross domestic product (GDP), Gross national product (GNP), inflation, deflation, stagflation and hyperinflation. The economists declare these conditions as the economic collapse.

Model of depression

But the depression is known as the most devastating economical condition in the region.It is remembered as the great slump in the world marketing system.During the depression phase, all the economic activities around the world are turned into absolute downward slope.In the historical perspective, the United States is firstly come into mind about the great depression during the period of 1929.At that time all the US stock market was dramatically destroyed due to countless inflation, deflation, hyper inflation and stagflation as well as many other factors.

Causes of recession

Demand and supple factor

A recession can take place in the national cultural system because of the excessive supply and demand of things.It is occurred at time, when the industrial production is made on a huge level by employing the labor and machine.But the demands of the consumers do not come up according to the supply conditions.Therefore the excessive supply factor would be reduced and slump.

On the other hand, when the consumer needs exceeds on a large amount of level.It leads the more demanding aspect of the people.At that time, the industrial production is reduced.The prices of the item would also be higher than the pervious.The consumers would buy the things on the huge amount to satisfy their needs and wants. This is happened because of the poor industrial and marketing policies, where the demand and supply factor is not counted into a balancing framework.Therefore the roles of think tanks come into play at that time of industrial recession.

Inflation

The general rice in the price value can cause the recession in the world marketing system. In this way, the prices of domestic item such as wheat, flour, oil, sugar, vegetables, meat, bread, fruits etc are stunningly increased.Moreover the oil prices in the world around would be increased at an alarming level.Now a day the oil prices in all over the world has been increased at a huge level. It led the whole world into recession phase.The United States of America has been under the threat of recession.The economists are saying that the next world recession would be the ever lasting.This is a very concerning sign for all of us.

Stock market plunge

One of the major reasons of recession is the down fall in stock marketing system in the world around.Recently the United States war against Iraq led the US into absolute recession phase.Most of the civilians of United States are saying that this war led their stock market into downfall stage.Moreover the day by day alarming events of terrorism led the United States into recession.Therefore stock market boom has gone down badly. According the economic analysts, the stock market of the United States and all around the world is getting affected due to increasing events of terrorism.That is the major concern of US.

Stock sells off

A recession can also be occurred due to the whole sell out of the stock market shares and bonds.It is mainly occurred due to the over all speculating trend of stock marketing system around the world.The alarming cultural events such as war, catastrophe, inflation, deflation, stagflation and hyper inflation could also create such situation of stock market sell out.

Households saving factor

This is the most rotating trend in the economic cycle theory that the saving of a consumer is very important from all of the contents.A household saving can cause the recession in the global market.It is occurring at the current phase of the world.Most of the people of world are saving their money in the stocks.The flown of money in not rotating.Which led the world into absolute recession?The majority of the investments stocks are in the hands of the rich people of the world.They are not exposing their money.So we are facing a recession in our globe.

Overconsumption

The recession is caused by over consuming. Most of the people of world are spending money more than their needs and wants.People have become luxurious.They want to show off.Every one is the race of fashion and designing.Hells of costly costumes are being purchased to keep the beauty.Then the heavy as well as costly food stuff is being eaten. The overconsumption led the world into absolute recession and poverty really.Meanwhile it has been the major worry of United States that consumed billions of dollars over the Iraq war.The economists are saying accordingly that the united states have got to be careful regarding to its consumption plans in the future.

Asian contamination

The economists are saying that the Asia has been under the strong threat of terrorism which can cause the United States into absolute recession phase.In this way, the US has been continuously implementing its policies regarding all the concerns of economic recession.Moreover the economic activity has been slumped in the regions of Asia.The inflation, deflation, hyperinflation, stagflation, poverty, flood, earthquake, stock market downfall, dirty environment are the alarming factors of the Asian countries.This led the United States attentions and inquiries towards the recession.Therefore the United States has been studying the Asian contaminations very seriously to put the world back on track really.

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