The defining characteristic of the latest adventure is that unlike others, this one comes to you. Most adventures involve making a plane reservation, driving a car, or at the very least getting on a bike, but this one, this one I don't have to do anything but sit and watch it flow over me and my fellow adventurers. And folks we're all in this one together.
Technically an economic recession is defined as:
"a significant decline in [the] economic activity spread across the country, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales."
Personally I'd define it as:
"a period in which the general population makes significant changes to their daily habits in reaction to the feeling that "holy s$%t, we could/have loose/lost our jobs/savings/homes at any minute."
The noted changes vary greatly, and include but are not limited to:
1. forming facebook groups entitled "If I get laid off I'm going to be a gypsy"
2. going back to school
3. leaving a satisfying, but low paying job for a higher paying but not so cool one
4. selling off your personal hedge fund
5. selling off some of your toys (anyone want to buy a yakima bike rack?)
6. shopping at Walmart.
7. checking out books from the library instead of buying them
8. watching more tv, going out less.
9. pirating music
10. spending more time online...making lists.
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