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A Brief History of Economic Recession in the USA
With today’s economic turmoil many people are probably wondering when this recession is going end, what caused it to happen and is it going to reoccur. In this article I will give a brief history of recession in the U.S.A. what caused it to happen and some of the after effects. I never would have thought in my wildest dreams that there has been almost one recession every decade since the late 1700’s, having said that lets get started with the panic of 1797.
Utah’s Industrial Market Continues to SlowJim Berry, vice president of industrial properties for CB Richard Ellis of Salt Lake City, summarized Utah’s industrial market at the 2009 Summer Symposium in Salt Lake City: “Activity is down – a lot. Construction down. Basically nonexistent. Vacancy up – just a little. Availability – up, a lot. Achieved industrial rates: the average is down, but it is not terrible. Asking rates? Doesn’t seem to matter. Sales prices: down on most prices, but that doesn’t seem to matter either. Lending, down a lot.”