Okay, so I understand we're going through a recession right now (or is it a depression?) I have no idea what's really going on. I hear the economy is bad, so what? I don't understand what that means. Would anyone like to inform me of what's going on? And will it get better soon?

Basically banks are losing money because they're retarted and they've been giving out to many loans so people who want to go to college can't because its harder to get loans
And the price of gas is all wack so people are also losing money from that. And will it get better soon? I don't know we're in a deep whole and it mite take a while to get out of it