Are we in a CRECESSION?
By: Myles, July 21st, 2008
According to Noah Rosenblatts post in UrbanDigs,
we are currently in a CRECESSION.
Noah coins an interesting term that describes the odd economic state that we currently find ourselves in. He calls this state a – Crecession. Here is the formal definition:
A period of economic activity where available credit is contracting and the cost of credit is rising, leading to […]
Tags: Crecession
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