Tag: Recession
In The Face Of A Recession: Opportunity Amongst Catastrophe
10 October 2011
I can predict your first question: Are we in a recession?
A 2008 CNN article describes a recession as “a self-reinforcing downturn in economic activity, when a drop in spending leads to cutbacks in production and thus jobs, triggering a loss of income that spreads across the country and from industry to industry, hurting sales and in turn feeding back into a further drop in production – in effect a vicious cycle…To keep it simple, just look for the “Three P’s” – a pronounced, pervasive and persistent downturn in the broad measures of those factors.”
I’ll leave it up to you to judge how closely the description fits the current situation, but what can you do to keep sane in these crazy times? Read more…
