Economy

We are in a recession. But before anyone jumps off a cliff, let me define what it is first. If the United States was a company, a recession would be like two negative quarters in a row with the US revenue being equal to the GDP. Take that combined with income level, employment rates, retail sales and all aspects of financial performance can be measured.

The recession of 1974 was caused by skyrocketing oil prices. Another key factor in recessions is the fact that there was a peak in growth right before that time. The real estate caused a collapse just like the dot com era did. The money maker that gets us out of this recession will put us into another one after it collapses.