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When did everyone first start to notice a recession? feels like it came out of nowhere, how & why did it start?

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Anonymous

Asked by Anonymous at 11:59 PM on Nov. 21, 2008 in Just for Fun

Answers (1)
  • It started when the gas prices jumped in one month to over $3.50 a gallon for gas. It snowballed from there to higher food prices, combines with millions of people getting forclosed on their ortgages and the sad news everyone is begging congress for bail out money. The banks got BIG $$ and turned around and used it to buy up other banks rather than make new loans and that only made things worse.
    vbruno

    Answer by vbruno at 12:23 AM on Nov. 22, 2008

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