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.)
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
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
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
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson