A
Anonymous
Guest
Actually Steve thats not the one I agree with... :wink:
I think this one fits closer to the best way to describe a recession:
And I believe we are now in a case of staglation, which most economists think is more dangerous and worse than recession- and will be much more difficult to bring under control....
We easily meet these standards:
rising inflation- nearing 10% when you add in all factors including gas, food, heating costs, etc. etc.
slow economic growth
rising unemployment
stagnating wages- for several years now
devaluation of the dollar
devaluation of the stock market/investment money/corporate income/national worth
devluation of property values and net worth
I think this one fits closer to the best way to describe a recession:
"a significant decline in economic activity spread across the economy, lasting more than a few months."
And I believe we are now in a case of staglation, which most economists think is more dangerous and worse than recession- and will be much more difficult to bring under control....
Stagflation, a portmanteau of the words stagnation and inflation, is a macroeconomics term used to describe a period of inflation combined with stagnation (that is, slow economic growth and rising unemployment, possibly including recession).
We easily meet these standards:
rising inflation- nearing 10% when you add in all factors including gas, food, heating costs, etc. etc.
slow economic growth
rising unemployment
stagnating wages- for several years now
devaluation of the dollar
devaluation of the stock market/investment money/corporate income/national worth
devluation of property values and net worth