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  • Wilson

    The definition of a recession from
    recession – A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.

    I really like that last sentence because when election day rolls around and the economy isn’t doing well, incumbents usually aren’t reelected. Now that’s my wish for 2012!! As for England, well they already have their recession/depression going for 2012. Check out the charts at this link:

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