David Rosenberg : Economy Caught in Depression, Not Recession (user search)
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  David Rosenberg : Economy Caught in Depression, Not Recession (search mode)
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Author Topic: David Rosenberg : Economy Caught in Depression, Not Recession  (Read 1351 times)
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exnaderite
Junior Chimp
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Posts: 7,227
« on: August 25, 2010, 02:42:02 AM »
Quote from: StatesRights on August 24, 2010, 10:24:03 PM
Quote from: Beet on August 24, 2010, 10:20:15 PM
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.
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