From the Great Depression, the oil crisis in the 70's through to Black Monday and the dot-com bubble. We explore the causes of recession and look at our current economic situation in 2009. Are there any benefits of being in a recession? Get all your recession survival tips here.
When the Recession Began
The current financial crisis, which was triggered by a collapse in the US housing market in 2007, led to the worst economic crisis in the US since the Great Depression of 1929. The US economy slipped into a recession in February 2009 after two consecutive quarters of decline in GDP growth. However, [...]
The United States economy has hit a rough patch to be sure. With the economy in turmoil, Americans losing jobs, homes and taking advantage of credit counseling, there’s no dispute that times are tough. A comparably unthinkable economic disaster has similarly devastated Iceland, even more so than America.
One Icelandic blogger, Hjorter Smarason, describes how the [...]
On November 18th 2008, the world’s second largest economy, Japan, announced that it had officially entered a period of recession. A drop in GDP of 0.1% in the second quarter marked the first recessionary phase for the Japanese economy since 2001, when the country was feeling the after effects of the dot-com bubble in the [...]
It’s not just the U.S. that’s facing an economic downturn. According to the British Chamber of Commerce, the United Kingdom could be facing a major recession within as little as three months. The BCC carried out a survey amongst it’s 5000 members across all industry sectors. It’s economic advisor, David Kern, said the results showed [...]
The Internet Boom Of the 1990’s
The new economy bubble shone brightest before it burst. Young geeks moved from the back rooms to the board rooms, forming their own dot com companies, making their own rules and belief systems. What they never had was solid, old-fashioned profits.
The story of internet startups in the 1990’s and [...]
