1. Onset of Recession (August 2007)
2. Inflation (1st Quarter 2008)
3. Reality of Economic Conditions (to be determined)
4. Stagflation (July 20th - 2008*)
5. Depth of Recession to be determined (?)
6. Reconciliation and Acknowledgment - People and Government
7. Capitulation- "The Bottom" (?)
8. Beginning of Recovery (2009 - 2012)
* Inflated prices begin to peak and turn to go down - as demand begins drying up - unemployment goes up - lots of "head fakes" created by the Government - stalling and leading into the bottom and recovery
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