2min chapter

How I Built This with Guy Raz cover image

Tumi & Roam Luggage: Charlie Clifford

How I Built This with Guy Raz

CHAPTER

The Great Recession in the US

This was the biggest economic downturn in the us. Since the great depression. The 82 recession was really bhat yet. Inflation was spiralling out of control. At one point during this period, prime interest rates went,. i believe the height was 21 point five %, over 20% now. That is just inconceivable to day toda m i'm moting by 5 pcent today and people are frieking out. I can vividly remember the atmosphere changing from when we told them that we had actually lost money the last quarter. It's not a good sign. One didn't have to be a banker to realize what that that meant.

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