Defining a recession – and why you need to know about them
In 2006, UK Prime Minister Gordon Brown promised he had put an end to boom and bust – and deemed the UK to be on a stable economic trajectory. A year later, the global economy started to implode in the biggest recession since the ‘30s. Awkward… 🙈
Recessions are an unfortunate part of economies – they destroy businesses, put people out of work, and permanently alter the way the world works. But what are they, what causes them – and how can you prepare for the next one? Let’s plunge in.
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JPMorgan’s leading the charge to save First Republic Bank – but not out of pure generosity
With all this volatility, you may want to write that useful old adage down.