It has been a roller coaster ride for the equity markets over the last few months. From being one of the best investment options, the global markets have fallen to new lows. Recession fears in the US have knocked down stock prices from their high pedestal. But how does one define a recession, and what is its impact on the common man? Can the genesis of this slow down be attributed to a particular event? And more importantly where is all this leading to? Philip Coggan, the Capital Markets editor at The Economist unravels the answers to these questions in this episode of the Point Blank series.