Great Recession---This horrible global economic storm technically
began in December 2007 but had been gathering energy since 2005 from multiple
merging fronts, and her eye wall hit home on September 26, 2008, finally
bursting a speculative real estate bubble in the US and roiling the now highly
interconnected global electronic markets. Approximately eight hundred thousand
jobs were lost as President Barack Obama took office in January
2009.
began in December 2007 but had been gathering energy since 2005 from multiple
merging fronts, and her eye wall hit home on September 26, 2008, finally
bursting a speculative real estate bubble in the US and roiling the now highly
interconnected global electronic markets. Approximately eight hundred thousand
jobs were lost as President Barack Obama took office in January
2009.