So could this be a good recession?

So can there ever be a good recession for the people of the world when all we are being faced with is doom and gloom, depression and despair? Well even through all these headlines scream at us like the end is nigh there can be some positive aspects to a global recession but these are few and far between. The majority of a recession is a massive negative for all involved as it means that people stop trying to spend more and try to cut back on many things and this can end up will people losing their jobs (which has been headline news for many weeks now) which in turn leads to the loss of many people’s homes and business as the whole economy grinds to a halt and it takes an awful lot to try and get it moving again. One of the measures that has been taken by the government in trying to tackle these problems is the lowering of interest rates as this means people have to pay less back on their loans than they used to and this means that less money needs to be spend on paying off mortgages. This is supposed to help but even with the interest rates at an all time ,low of 1% there still has been no change and these measures seem not to been working but time will tell as these are fairly recent measures. The major positive is that even though many shops both small and large and closing down in droves there are still many that are open and these are creating huge savings that will benefit the British consumer or will they? The truth is that this falls well short of even a stop-gap situation and these measures are likely to lead to even more problems in the future as there are many issues these solutions create and these many become apparent in the future. An interesting article I stumbled across in the Times (where else?) is that there have been far fewer road traffic accidents and far fewer road deaths than ever before and the fall it larger than the previous five years combined. This is because fewer people can afford to drive to work now that it is so expensive and cars are now becoming so expensive to run. There is a flipside to this however as there have been far more cycling accidents over the same period as there have been more and more people trying to get to work by alternative and cheaper options but it seems that some people have ended up in a far worse situation. So in the end there are a lot of things that are bad about a recession and very few good things to come out of it so in conclusion a recession is very very bad unless you like to but houses, buy clothes or cycle into work which is a limited group off people.

http://www.dailymail.co.uk/news/article-1088566/SUZANNE-MOORE-At-stop-shopping-life.html
http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article5671789.ece