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November 2012 » How to Prosper during an Economic...
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James Byrd, CPA, PhD, and Douglas Smith, PhD, CPA, CMA, and Marilyn M. Helms, DBA, CFPIM, CIRM, CSCP, CQM/OE
Tough economic times have occurred periodically throughout history; according to the National Bureau of Economic Research, there have been 10 recognized U.S. recessions that covered approximately nine years in a nearly sixty-year period (1953, 1958, 1960–61, 1969–70, 1973–75, 1980, 1981–82, 1990–91, 2001, and 2007–09). A recession, or even an economic slump, is not an unusual event; for one quarter of the twentieth century, the United states was in an economic downturn.
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