Clear, with a low around 58. West wind 9 to 14 mph becoming south southwest after midnight. Winds could gust as high as 18 mph.
Definition of recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession... Definition of recession: A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters.
Basically, a recession is a return to sane valuations of assets. In the boom period that precedes a recession, a flood of new money and credit has encouraged investment and speculation in the economy that is not justified by the actual supply of resources. All sorts of assets get overvalued.