I thought this infographic succinctly outlines the history of the American recession and is worth taking a look at. Even though I don’t live in the US, its economic health certainly influences the economic health and wealth of many other nations, including Canada. In fact, I well remember the 1980s recession when mortgage rates went sky-high, although I don’t think that recession was anything on the scale of the US housing bubble collapse that is affecting so many Americans this decade.
Do you have your own thoughts on the reasons for the current US recession? I’d love to hear from you.