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<blockquote data-quote="Up In Smoke" data-source="post: 5314922" data-attributes="member: 79702"><p>My generic definition would be an economic period of low consumer demand that both drives down the cost of goods and services as well as company profits. This period would cause employers to scale back wages and benefits as well as capital investments into their existing operations. Prolonged recession would cause high unemployment, mortgage defaults and bankruptcies.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5314922, member: 79702"] My generic definition would be an economic period of low consumer demand that both drives down the cost of goods and services as well as company profits. This period would cause employers to scale back wages and benefits as well as capital investments into their existing operations. Prolonged recession would cause high unemployment, mortgage defaults and bankruptcies. [/QUOTE]
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