Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.
Sentiment: NEGATIVE
A normal recession disrupts people's lives, but a long recession destroys them. You lose output, prosperity, family stability, self-esteem, and many other qualities on what looks to be a semi-permanent basis.
Though the National Bureau of Economic Research deemed the recession to have ended in June 2009, to most Americans, that conclusion seems not to square with reality.
With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
People stop buying things, and that is how you turn a slowdown into a recession.
Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.
There are always, of course, job losses of a cyclical nature in a recession.
In a recession, people want to be told for two hours that everything is going to be OK. They want to escape from their humdrum or painful reality into a feel-good drama, or a love story that transcends their daily life.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
Recession is when a neighbor loses his job. Depression is when you lose yours.
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