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Originally Posted by sabahatbhutta
Zaid Hamid is not an economist 
please recommend some.  |
No, he's a "Defense Analyst" although God only knows where he received his training
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American people are protesting against expected cut in social benefits. It will become difficult and difficult for future governments.
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Actually it will become easier for governments when the effects become more apparent. Right now, deficits and debt are just numbers for Americans. Once they start feeling the effects in their real life, it will be easier for the government to do something about it. Americans have made tough decisions in the past and I'm sure they will in the future too
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I have mentioned some specific sectors in my post. demand in those sectors can't decrease to depths. world's increasing population is a guarantee that demand won't decrease that much.
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There are some sectors like food and health where demand doesn't decrease much, but a recession decreases demand in some extent in all sectors because people tend to tighten their belts in times of economic instability.