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What's a recession? What about depressions, what are those? Finally, what are the similarities as well as differences between recessions and depressions?
In one minute, I've done my best to explain what recessions and depressions are all about. Furthermore, by comparing recessions to depressions, it will become even more obvious what the two are all about.
Throughout your existence, you'll most likely encounter several recessions but (hopefully) not that many depressions.
To minimize the negative effects of recessions and/or depressions, it's of the utmost importance to at the very least know your basic economics and establish a solid foundations. Through this video, you'll do just that.
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My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
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