Results tagged “Great Recession”

Five years ago, in October 2008, the stock market plunged while businesses eliminated hundreds of thousands of employees, almost overnight. The recession of 2007 had suddenly become the Great Recession, the biggest shock to the U.S. economy since the Great Depression.

The credit card web site CardHub recently asked national economic experts about their opinion about its cause and lessons learned. SSU Economics Professor Rob Eyler was one of them and offered his perspective.

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