“Recession Realities”– my June article in Dominican Times Magazine
Posted by migrantblogger on June 12, 2008
The term “recession” is often abused. Too often, it is used to describe any economic downturn. There is no shortage of problems with today’s economy. The recent decimation of top-ten investment bank Bear Stearns, which sold for less than A-Rod’s contract, sent another round of aftershocks through an economic system already shaken by the subprime mortgage crisis of last year. Despite the claims of headlines and commentators, though, recessions do not occur nearly as frequently as they seem.
