A
Anonymous
Guest
The poll I ran in March came back with 64% thinking the economy was in for a prolonged Recession/Depression or Economic Collapse with again the most 34% thinking it will be Economic Collapse...
Lets see how you feel now 3 months later....
Do You think the US Economy is Heading into or in a Recession--or a Depression?
No-the Economy is doing Fine
13% [ 6 ]
Yes- a mild short Recession
20% [ 9 ]
Yes- a prolonged Recession/Depression
30% [ 13 ]
Economic Collapse
34% [ 15 ]
Total Votes : 43
Lets see how you feel now 3 months later....
The poll I started back in Nov came up with 61% thinking the economy was in for a prolonged Recession/Depression or Economic Collapse-with the most (36%) feeling it will be a prolonged Recession/Depression-what are the feelings today....
Do You think the US Economy is Heading into or in a Recession--or a Depression?
No-the Economy is doing Fine
25% [ 13 ]
Yes- a mild short Recession
13% [ 7 ]
Yes- a prolonged Recession/Depression
36% [ 19 ]
Economic Collapse
25% [ 13 ]
Total Votes : 52
In macroeconomics, a Recession is a decline in any country's Gross Domestic Product (GDP), or negative real economic growth, for two or more successive quarters of a year. However, this definition is not universally accepted. The American National Bureau of Economic Research defines a recession more ambiguously as "a significant decline in economic activity spread across the economy, lasting more than a few months." A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. A devastating breakdown of an economy is called economic collapse. Newspaper columnist Sidney J. Harris amusingly distinguished terms this way: a recession is when you lose your job; a depression is when I lose mine.