What Defines A Recession? A Depression?
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Description
The US Economy appears to be on shaky ground and potentially headed towards a Recession. Some people speculate that we may already be in one. What defines a Recession or a Depression? Lets talk about the economic factors that go into the overall state of the economy and what exactly a Recession is.
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Ed writes in to ask what is meant by the Velocity of Money. It is, as it seam, a measure of how fast money is moving through the economy, but how is it used? Lets explore.
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