It’s time to break up the banks. The greed, recklessness, and illegal behavior on Wall Street drove this country into the worst recession since the Great Depression. Their casino-style gambling has helped divert 99 percent of all new income to the top one percent. And it has contributed to the most unequal level of wealthContinue reading “Time to break up the banks by Bernie Sanders”
Tag Archives: recession
A recession is when your neighbor loses his job and a depression is when you lose your job
The difference between the two terms is not very well understood for one simple reason: There is not a universally agreed upon definition. If you ask 100 different economists to define the terms recession and depression, you would get at least 100 different answers. I will try to summarize both terms and explain the differencesContinue reading “A recession is when your neighbor loses his job and a depression is when you lose your job”
A $9,000 lost by each American from the 2008 recession, by Rick Newman
The U.S. economy might finally bounce back for good in 2014, springboarding the nation out of five years of stagnation. So if you feel like we’re still in a recession, are you imagining things? Not at all. In fact, some economists think we’re in a kind of faux recovery that masks deep harm still beingContinue reading “A $9,000 lost by each American from the 2008 recession, by Rick Newman”