RECESSION MAKES ME NEED A VACATION

Jezzy said it best when he said recession is underway (Okay maybe he didnt say it quite like that, but you get the point). We are in the middle of a recession. And things have just got worst! Before I go on, for those who don't know what recession is, here is a little background information for you:A recession is a contraction phase of the business cycle. In the USA, the National Bureau of Economic Research (NBER) defines it more broadly as "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. Also, a GDP is gross domestic product (GDP)its one of the measures of national income and output for a given country's economy.GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value. Okay I will leave it at that for you, at this time.

Something you should check out, if you haven't already. The Dow Jones is down 300 points today. That's extremely major, which is due to the decline of two major firms. Lehman has filed bankruptcy, while Merrill Lynch is another victim to the takeover!!!! Merrill Lynch has been brought out by Bank of America.

Lehman Brothers was founded in 1850,its a global financial services firm. Its a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. It is a primary dealer in the U.S. Treasury securities market. So people be afraid be very afraid! Im partially kidding. But people keep a watch on the market, because if these things keep trickling down, we the consumers can be affected especially if the commercial banking begins to have problems.


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