Learn To Define Recession And Its Effects On You

A Worldwide Crisis

A Worldwide Crisis

There are definitely many telltale signs that our current economic recession is still going strong. Despite news and advertisements promising or hoping for a recovery, small businesses all over the United States continue to close down by the second. A great number of vacant homes with orange "foreclosure" signs on their front doors are no longer maintained and slowly rotting away. Rather than believing all the positive news we hear, we must stay informed. Knowing how to define recession is the first step.

Recession

Our economic status is indicated by factors as the Gross Domestic Product (GDP). To define recession: the GDP shrinks by less than 10% over a period of more than a few months. A decrease of more than ten percent in GDP over a few years is referred to as a depression. No one wants to face the fact that our current economic recession has more than likely became what can be defined as the "d" word, but business experts believe it has.

Economic Downfalls

Economists and other powerful experts tend to muffle the truth about our economy by giving us misleading facts and complicating issues. They do so by making consumers believe we're only in a recession. Meanwhile, they devalue our money by using tactics that manipulate the market and make use of legal loop holes.

As you may know, the value of the dollar is waning due to inflation. Those who once were defined as the middle class seem to be diminishing. Efforts in creating new jobs are at an all time low.

What You Can Do

Start by learning everything you can about our economy, our monetary system and the history of banking in this country and abroad. There are so many causes and influences that have led up to our current economic crisis it is something that you'll have to spend some time at on but it's really the best thing you can do for your financial stability and future.

As ironic as it may sound, you can profit from our troubled economy. It's just a matter of learning the key information and making a sincere attempt to take control of your own financial future. Once you do, there will be no need to spin your wheels trying to get ahead.

It is my firm belief that knowledge is power. The more we inform ourselves about the true causes and the most accurate ways to define recession, depression or recovery the more we are empowered to make the wisest decisions.

by: Ylva Jansson

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