CNN Money has a story about America and the potential recession we’re in. A recent poll shows 79% of Americans believe we’re in a recession now. It goes on to given the correct correct definition of recession as determined by the National Bureau of Economic Research (NBER) which I highlighted in my post […]
Entries Tagged as 'Reading'
CNNMoney.com must read my blog!
May 6th, 2008 · No Comments
Recession — the REAL definition (hint: it’s not two quarters of declining GDP)
April 28th, 2008 · 4 Comments
The official definition of a recession is like the word “peruse”. People confidently misuse or incorrectly state the definition of both. Peruse means to read or study in great detail, not to “flip through” or “skim”. See Webster’s.com for confirmation. Similarly, a commonly-stated definition of recession is two or more […]
Do you know how many live on $1 a day?
April 25th, 2008 · No Comments
Do you know how many people on Earth live on $1 per day? One billion. Approximately 20% of the world’s population. So the next time we are complaining out loud or mentally about our income and expenses, think about that. If you think your budget is tough now, try it with $30/mo.
