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The experts say that America needs to be prepared for a new kind of recession. Is this true, or is another case of media melodrama? What’s the difference between our current economic situation, and the other recessions Americans have faced?
A normal political reaction to a recession is for the Federal Reserve to lower interest rates, [...]

Whenever the media starts to use the word recession, people seem to go into a panic. The media is always quite vague, but will mention the fact that it will affect the “working man” and jobs will be lost. Unfortunately, there isn’t a universally agreed upon definition for the term recession. It’s often a matter [...]