FOOTBALL&ECONOMIC

How the recession has made an impact the footballs economy:
- reduction in bank overdraft
- some responsors disappered
- lower match day revenue (sales of tickets,food and etc.)
About players:
  The club want to sell players to earn more money, but not every club want to buy them, because they do not have enough money.
 
   

ABOUT 'BIG FISCAL STIMULUS MIGHT JUST BENEFIT OTHERS'

Ahead of a high-stakes meeting of the Group of 20 nations, European countries are striking an uncompromising tone toward Washington, bolstering President Barack Obama's political opponents at home and pouring some cold water on Europe's love affair with the new U.S. president.
The divisions underscore that even when presidents change, some national interests don't. For continental Europe, focusing on underregulation helps deflect blame for the crisis to the more lightly governed financial markets of the U.S. and U.K. The American push for more stimulus, in turn, shifts the blame to Europe for being too slow to respond to the ongoing economic slump.
President Bush's economic legacy left behind is perhaps the current economic downturn. As of December 19 in the week, mortgage refinancing skyrocket. Generous monetary and fiscal stimulus measures may be slowing the pace of economic recession, or even reverse the overall situation. However, the United States pay for these measures. The near future, the United States may once again fall into recession, end up "W"-shaped curve of the outcome.
However, the U.S. sooner or later have to pay the price for these incentives. Soaring budget deficits will lead to higher borrowing costs, thus the end of the refinancing boom, and inhibit the real estate market. Savings rate will rise further, it is possible to reach 6% -8% long-term average. Commodity prices will stop falling and may demand from emerging markets with the continued growth in the rebound. A lot of money in circulation will lead to a resurgence of inflation, while the Fed is forced to put anti-inflationary stance, thus further raise interest rates. Stimulus package is huge, but so also have a corresponding high price, enough to make the U.S. economy back into recession, forming a double down the "W"-shaped trajectory. Whether stimulus package can reduce the "double-dip" recession, will be led to a general downturn continues much longer. In view of this, this is a very contentious issue.