Posts Tagged ‘depression’

Recession Purgatory? Is there a way out?

Posted November 26, 2008 by Bernz

The folks on Wikipedia define recession as a period of reduced economic activity. They go onto say that an extended period could transform into a depression. Other definitions define the economic condition as a point in time when GDP falls, businesses stop expanding, housing prices drop and unemployment escalates (speculation is that 1 in 10 Americans could be out of work in the very near future). Sound like the sign of the times? Are we all about to face the Grapes of Wrath? Click the link to see a video clip of the original movie.

In spite of all the sour news, I’m keeping a positive attitude. The outcome of the recent presidential election has a lot to do with that. But folks, I’m also a realist.

Lately I’ve been posting on things we can do to cope with turbulent economic times. Things like saving, planning ahead, and investing our time, money and energy on things that are vitally important: think health, education, and our financial future. (more…)

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Posted in Financial Education | 1 Comment »