A Right Way and a Wrong Way to Ride Out a Recession: A Recipe for Recover What's the difference between a recession and a depression? In a recession, other people lose their jobs; when you lose yours the result is depression. By the time the government officially declares we are in a recession, everyone already knows it. I have come to accept what most economic experts have been saying for years; that our economy goes through cycles; sometimes the economic climate is good, and sometimes the economic climate is bad. Right now, the economic climate is dismal. Stocks are down; unemployment is...
More..Stephen Dreyfus
Member since: May 2008
Articles Written: 8