The Recession explained - Money Box Episode 2
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A recession is a period in which you tighten up your belt. A depression is a time in which you have no belt to tighten. When you have no trousers to hold up, It's the TRIBULATION!!
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lol @ the cabbie
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this helped me with a paper i'm writing, thanks so much!
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Recessions and Depressions are economic instruments for stealing wealth and property from masses of people. Look what happens, the rich get much richer, people avoid asking for raises, more employees take on an added burden of tasks because of the cut in staff. People sell stocks and property at much lower price than purchase price. Limited room here. Anyway.
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One feature of the economy as we move through 2010 seems to be that Britains recovery will easily outstrip that in the eurozone. This is partly due to the advantage of having a competitive pound. But it is also because there was always more to the British economy than the 8% of gross domestic product contributed by financial services. The flexibility that stood Britain in good stead before the crisis will still be an advantage as the economy moves out of it
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is this supposed to be funny? it sucks.
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very well explained, good job and rachael coopes... :o
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Nice one big daddy.....
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Awesome. Gotta love Rachael Coopes.
brendohendo1234 2 years ago 4
It's 2011 and we're still in a recession...maybe we should go ahead and call it what it is: Depression
kookoo78 5 months ago