Well it's official, we're in a recession.
For anyone out there who would like to know exactly what this means, a recession is when a country's Gross Domestic Product decreases for at least 2 consecutive quarters.
And if you don't know what Gross Domestic Product (or GDP) means, it is the total market value of all goods and services created within a period of time.
So basically this recession means that the total market value of all the goods and services we are producing has been decreasing for the last 2 quarters.
Tuesday, December 2, 2008
It's Official, We're in a Recession
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1 comments:
Do not worry about the recession. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailout is for YOU
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