According to the Merriam-Webster site a recession is, a period of reduced economic activity. There is more to a recession than that. Why do recessions happen, what are the factors to cause one? What is the impact of a recession? Why do politicians have such different ideas on how to get out of one? These are all questions that have no absolute answers. The best we can do is understand when we are heading for or are in a recession. The more you understand what is happening the better off you will be to survive one.
This video has some good information on what a recession is and the impact on individuals and the economy.
There is a 15 sec ad that runs before the video starts
Thursday, May 28, 2009
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2 comments:
Quite an informative post.
Incidentally there is an interesting website that is specifically dedicated to recession victims.It offers help and discusses all issues related to recession- http://www.angstcorner.com. It’s worth a visit!
Thanks I'll check it out
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