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The old saying “History doesn’t always repeat itself, but often rhymes”, is based more on fact than fiction. By studying the US Economic Recession History, you should better understand how current recessions may affect your financial life today. I focus on recessions simply because they have a dramatic effect on 401k balances and investments [...]
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I keep seeing news about the fact that a recession may be coming. I am curious as to how this affects a normal person, not involved with the stock market etc. For instance, will prices go up for food, clothing, etc? Are there any ways to prepare for a recession? Any ways to benefit from [...]
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Are we in a recession? If I remember correctly from my college economics class there is a precise definition to a recession. Something like multiple quarters without growth. It seems to me this should be a simple answer. There was either growth for the required time or there was not. Why are some people saying [...]
With the current economic crisis seemingly worsening I think it is time to define economic recession! Economic recession usually describes the reduction of a country’s gross domestic product (GDP) for at least two quarters. This means that the united states as well as many other countries around the world are currently in the middle of [...]
I heard a theory just last night from a friend of mine. It involved a new term that I had never heard of, and honestly I had never even thought of it. It is the idea of economic warfare! Economic Warfare…What That? The idea is that the United States government has forced itself into a [...]
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