A short lesson on the Economy here: The U.S economy works in cycles, there are times of great economic growth .. this is referred to as economic expansion. Economic expansion includes the recovery from a recession and peak economic activity. A recession in our economy is perfectly normal, all it is.. is the market correcting itself after it has reached its peak. (Recession in economic terms is defined as a reduction in Economic Activity) The recession is actually a very important part of the process since it typically regulates economic activity.. it is nothing to worry about.


Here is a graph of the Gross Domestic Product of the United States dating back to 1929. You get a good idea of how serious the Great Depression was in terms of any other recession we have had. Every time that black dotted line is headed downward that is an Economic Recession.. notice how common it is and that typically the Economy recovers and heads upward (Economic Expansion)



Notice how far down the black dotted line goes below zero after 1929.. that was the Great Depression so visually you get a good idea of how serious it was and how far from a great depression we are as of right now. I hope this helps make things a little more clear.