Thread: Bean-counting
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Old 03-19-08, 05:30 AM   #13
Konovalov
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Quote:
Originally Posted by Skybird
It already IS in a depression.
How do you come to that? You have to be in a recession first before you reach a depression. Technically the US is not in recession though I do believe that there will be a recession soon. Secondly it has to be a prolonged recession for a depression to exist. There does not exist massive unemployment. Half of all US banks have not closed as happened in the actual depression of the last century. In sort very few conditions currently exist that did back ten in the depression. There is NO depression currently.
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