Quote:
Originally Posted by Corbic
This goes back to my other point - a bank collapsing, a automatic going bankrupt, a tumble in stock prices - these are not "Recessions", these are economic events.
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A recession is typically driven by economic events, but the impact is usually not as significant as what happened during "The Great Recession". That recession was the residual effects of economic events you mentioned along with others (i.e. subprime mortgage crisis) that predate the first Obama inauguration in 2009.