It has been said that the U.S.A. is now in the worst financial recession since the Great Depression.
And whenever we think of financial downturn’s the Great Depression is the one that comes to mind. However, this country has seen many financial recessions. In fact our economy has come back from the ruins over and over again. Check out this fascinating article about the 5 Worst Financial Panics In U.S. History .
It’s interesting that what preceeding these downturns were “real estate booms, bad banking practices and increased credit lending”…..Hmmm, that sounds familiar!