Monday, January 3, 2011

10 Things Your Grandparents Know About Money (That You Don't) - TheStreet

10 Things Your Grandparents Know About Money (That You Don't) - TheStreet: "But most people look at things more like legendary investor Warren Buffett, who defined a recession as when 'people are doing less well than they were three months, six months or eight months earlier.'

For most economists it is no longer whether there is going to be a recession, but what type of recession it is going to be: short recessions like the one from 1990 to 1991 and the one from March to November 2001, or something like the Great Depression."

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