The U.S. economy is now officially in recession
The U.S. economy is now officially in recession, may be in the midst of the longest slump in the post World War II era as job losses mount and credit dries up. According to National Bureau Economic Research the economic slump began in December 2007. The last time the U.S. was in a recession was from March through November 2001. The institute uses several indicators to analyze how the U.S. economy is in recession or expansion, which differs from the classical form of a technical recession with two consecutive quarters of decline in GDP. For the NBER's economy enters into recession, every time there is a significant drop in the economic activity over a sustained period, considering the following factors: gross domestic product, employment, industrial production, sales and income. The U.S. was the first to enter recession at the end of last year, while the Euro zone and Japan started a recessionary cycle in the second quarter of this year. During this economic downturn, it is likely that some companies will face bigger hardship, and may file for bankruptcy. So, it is imperative that we are vigilant at all times and ensure that our money is safe. Be careful and trade with tight stop-losses.AC
