Wednesday, March 11, 2009

Recession on Track to be Longest in Postwar Period

"If it lasts into April -- as it almost surely will -- this one will go on record as the longest in the postwar era. The 1981-82 and 1973-75 recessions each lasted 16 months."
summary
The articles talk about all the past depressions and how badly they sliced iton our economy. But it mainly talks about this current reccession were having climbing into the double digits in almost all catagories. And if it goes on through April it will be the longest recceission since the post war era.

my opinion
I dont really have an opinion cause thats right, just the facts. So thats pretty scary, lets hope obama picks it up.

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