Appearing on CNBC-TV Warren Buffett, CEO of Berkshire Hathaway, says by any commonsense definition, we are in a recession. Buffett’s holding company owns 60 subsidiaries and he shared that ALL the reports he gets on these retail businesses owned show a significant slowdown in purchases.

The classic definition of a recession is two consecutive quarters of negative growth in the nation’s gross domestic product (GDP).

When business slows, it’s imperative to use the alternative conduit to sales: BARTER

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