CaRobCo

A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.

. A severe or long recession is referred to as an economic depression. Although the distinction between a recession and a depression is not clearly defined, it is often said that a decline in GDP of more than 10% constitutes a depression.[1] A devastating breakdown of an economy (essentially, a severe depression, or a hyperinflation, depending on the circumstances) is called economic collapse.

Oh…so much to look forward to…get it together people, and you thought Y2K was going to be a problem. All you 2012 doom and gloomers better hope you can eat next week much less worry about 4 years from now, I’m actually looking forward to “liberation”. bwuhahaha…

-Prices for basic items such as bread and milk pushed food prices up by almost 1% in April alone; bread costs 14.1% more than it did a year ago, milk 13.5% more.

-Kindergarteners in Baton Rouge are hoarding part of their lunches to eat later at home, says Mike Manning, president of the Greater Baton Rouge Food Bank.

-At Bread for the City in Washington, less than 2 miles from the White House and the Capitol, food and clothing director Ted Pringle can’t buy cereal anymore because of the price of grain, wheat and corn. Fresh fruit jumped by 3.2% nationally in April. “It scares me to buy fruit,” Pringle says.

New breed of American emerges in need of food-click on link

Also
The Recession diet, are you spending less?
Its an evil economic Wal-Mart Conspiracy

This entry was posted on Monday, May 19th, 2008 at 9:33 am and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.