It's Not An Excuse... We're Really in A Recession!

The Domino Effect:
ECON Recessions 101


Written by: Ryan Coleman-Ferebee

For months now, we have all watched the news to learn of poor commercial real estate sales, increased home foreclosures, bank and mortgage lending institutes collapsing or merging, and a decline in wholesale and retail sales with no definitive end in sight. In some way, I am sure you have even altered something in your life to compensate for the poor economy. Maybe, you are saving a little more than usual, cutting out Starbucks on the way to work, packing a lunch instead of buying it, or even shaving your mobile minutes to a less sexy plan.

With each passing week, the economy seems to get a little tighter, causing us to get very creative with spending the little money we do have. For those who may be fortunate enough to have expendable cash on hand, now is a great time to buy airline tickets, buy that vacation package at an empty resort, or even buy a new car for next to nothing compared to what the normal price would be in a sound economy. We are playing out one of those economic cycles known as a “recession”. All the while, our stock market has been swinging violently fundamentally based on human emotion and the price of oil.

The economy in our country is stagnant, driven by a combination of a spiral decline in the stock market, poor home sales, and manufacturing slowdowns all headed in the wrong direction—south. It is common for recessions to last anywhere from 10 months to 2 years. Several well-established economists have stated that the current recession appears to have started in April of 2008.

To see the entire article, click on the link below:
http://etmmagazine.info/wakeup/2009/03/2009_03_effectsofrecession.html