In recent months, there’s been much speculation that the United States is in a recession. Even though the numbers don’t reflect a recession, consumers still feel like something is wrong with the economy. How do you know if the country is really in a recession?

According to the National Bureau of Economic Research, a recession is a significant decline in economic activity spread across the economy. This decline lasts a few months and will be seen in the gross domestic product, income, employment, industrial product, and retail sales. You might see a lot of newspapers and other online publications saying you know you’re in a recession when the gross domestic product (GDP) is negative for at least two quarters.

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The impact of the 2007 US sub-prime mortgage crisis on the global financial services sector was profound despite the sector doing well previously. Many financial institutions have reported huge losses and undergone capital restructuring. We strongly believe the rebuilding process has begun and these companies will recover and return to profitability over time.

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This question is almost as tough as deciding between Coke and Pepsi. Visa and Master card have been battling each other since the 1960s. however, it was American Express that really started the credit wars between the giants during the early 1960s…

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A debt management plan makes it possible for a borrower to effectively handle the debts in a proper way. There are various debt management companies who assign experts in this regard. Borrower should strictly adhere to the principals, other wise a half hearted approach may not be of any help.

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