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To: Olog-hai
When does a recession become a depression? Is it when governments stop printing money?
2 posted on 01/01/2013 11:27:23 AM PST by Cowboy Bob (Soon the "invisible hand" will press the economic "reset" button.)
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To: Cowboy Bob

Depressions are extra-long recessions where deflation sets in as well as colossal devaluation of currency, or at least that’s how it appears. Panics too are part of depressions.


3 posted on 01/01/2013 11:35:33 AM PST by Olog-hai
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To: Cowboy Bob

Depressions are extra-long recessions where deflation sets in as well as colossal devaluation of currency, or at least that’s how it appears. Panics too are part of depressions.


4 posted on 01/01/2013 11:35:33 AM PST by Olog-hai
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To: Cowboy Bob

I think the definition is a contraction of 2% or more in a quarter.


5 posted on 01/01/2013 12:39:19 PM PST by tbw2
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