Welcome, Guest. Please login or register.
Did you miss your activation email?
October 22, 2014, 08:53:26 pm
HomePredMockPollEVCalcAFEWIKIHelpLogin Register
News: Atlas Hardware Upgrade complete October 13, 2013.

+  Atlas Forum
|-+  General Politics
| |-+  Economics (Moderator: ag)
| | |-+  David Rosenberg : Economy Caught in Depression, Not Recession
« previous next »
Pages: [1] Print
Author Topic: David Rosenberg : Economy Caught in Depression, Not Recession  (Read 808 times)
??????????
StatesRights
YaBB God
*****
Posts: 31302
Political Matrix
E: 7.61, S: 0.00

View Profile
« on: August 24, 2010, 09:42:29 pm »
Ignore

http://www.cnbc.com/id/38831550

Quote
Writing in his daily briefing to investors, Rosenberg said the Great Depression also had its high points, with a series of positive GDP reports and sharp stock market gains.

But then as now, those signs of recovery were unsustainable and only provided a false sense of stability, said Rosenberg.

Rosenberg calls current economic conditions "a depression, and not just some garden-variety recession," and notes that any good news both during the initial 1929-33 recession and the one that began in 2008 triggered "euphoric response."


______________________________________________________________

Duh.
Logged
Beet
Moderators
YaBB God
*****
Posts: 16058


View Profile
« Reply #1 on: August 24, 2010, 10:20:15 pm »
Ignore

At this point, it's still semantics.

Interestingly enough, depression itself was a euphemism. In the early stages of the Great Depression, instead of a "panic", it was said that we were in a "mere depression".
Logged

??????????
StatesRights
YaBB God
*****
Posts: 31302
Political Matrix
E: 7.61, S: 0.00

View Profile
« Reply #2 on: August 24, 2010, 10:24:03 pm »
Ignore

At this point, it's still semantics.

Interestingly enough, depression itself was a euphemism. In the early stages of the Great Depression, instead of a "panic", it was said that we were in a "mere depression".

Depression isn't even a official term is it?
Logged
Sasquatch
YaBB God
*****
Posts: 806
View Profile
« Reply #3 on: August 24, 2010, 10:37:10 pm »
Ignore

Politicians will never say the "D" word.

Never.
Logged
Judäischen Volksfront
exnaderite
YaBB God
*****
Posts: 5489


Political Matrix
E: -3.29, S: -8.26

View Profile
« Reply #4 on: August 25, 2010, 02:42:02 am »
Ignore

At this point, it's still semantics.

Interestingly enough, depression itself was a euphemism. In the early stages of the Great Depression, instead of a "panic", it was said that we were in a "mere depression".

Depression isn't even a official term is it?

I believe there's a definition of three years of non-stop GDP contraction OR a 10% peak to trough contraction. By that definition, depression is a very common occurrence around the world.
Logged

opebo
YaBB God
*****
Posts: 47609


View Profile
« Reply #5 on: August 25, 2010, 08:15:00 am »
Ignore

So, States, does that mean you and Rosenberg accept the necessity of the cure?  Namely, enormously increased government spending and control in the economy.
Logged

The essence of democracy at its purest is a lynch mob

Pages: [1] Print 
« previous next »
Jump to:  


Login with username, password and session length

Logout

Powered by SMF 1.1.20 | SMF © 2013, Simple Machines