Secret Recession Woes

14. July 2008 by admin.

Are we in a recession? Look at the first part of the definition which states, “A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade.” This is from the definition used by the National Bureau of Economic Research which is the organization that officially dates recessions.
In other words are we a nation of whiners and the economy isn’t as bad as we think it is?
Depending on who you are and the condition of your cash to debt ratio. Some have secretly been in recession for over a decade!! Living off credit cards and living check to check with little or no savings or investment income. Are you sowing and reaping or living and weeping. A principle of giving has always been a secret way to overcome personal debt and financial debt. Can’t understand the principle? It’s time to learn it.

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