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According to the macroeconomics, a recession in the United States is defined as two successive quarterly declines in GDP (gross domestic product). The P.I.L. is a value of the dollar that is representative of all goods and services produced for a given period. Its purpose is to indicate the strength and health of the financial quarter of 2007 country.US quarter: Profits of financial industry have fallen $ 104.6 billion annualized. Industries' non-financial, profits have fallen $ 30.7 billion annualized. The net corporate profits have fallen $ 37.9 billion into a quarterly rate of 3.3%. But despite the decline in quarterly corporate profits after taxes are about 3.3% compared with a year ago. And the U.S. economy, as measured by GDP, grew to 0.6% annual rate, the slowest pace by 2002.But that delayed the active word is "grew". Credilo or not, we still have a quarterly decline in GDP Companies and institutions are losing money but the general economy of the United States is healthy and growing. Economy condition: So, let 's falls to the level of condition. I lived for many years in Cleveland, OH. The Ohio was violently beaten by the non-recession. The Ohio and other similar high income, high conditions of the union are losing jobs and population. These conditions designed to avoid the bubble on the space that other conditions enjoy. The high rates of unemployment have caused the increase in defects and mortgage foreclosure. Thus the mortgage crisis in the country has a greater negative effect in conditions such as Ohio. The prices of housing went from steady-state to a decline. So my friends nell'Ohio find it more difficult to be confident on the economy. Personal Finance: So at a personal level, many are convinced that there is a recession. There was a significant reduction in the amount of money available. The costs of consumption are down, at least for me and most people I know. The break came to my eyes the first time I saw $ 3.25 per gallon at the gas pump. Since then I have seen even higher prices. So those of us who struggle to make the conclusion of the meeting are to lower levels of Maslow ' "s; Hierarchy of Needs." Our focus is on putting the food on the table, on the conservation of the roof over our heads and gas nell'automobile being over so we can get to work and earn a living. Relativity: According to quantum physics, nothing is real unless it is observed and the results are influenced by observers. This conforms to the conventional wisdom on what is the relativity. As a whole depends on the examined. Two people can look the same situation and draw different conclusions. One of the principles of Albert Einstein 's theory of relativity is that the results are the same for all observers. However, the theory also indicates that the two realities simultaneously exist at the same time. Reality: So yes, the U.S. economy still is growing, however slowly it may seem. But the other reality is that many people are blind and ritenente a recession in their personal financial situations. The bank loans and access to capital is more difficult for you to the companies they occur. And the outlook for many sectors of industry business brulla.

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