Recession to Depression: how close are we?

[Overboard]

Originally Posted by breadcatcher101

President Truman was once asked what the difference was between a recession and a depression.

He said a recession was when your neighbor lost his job and a depression was when you lost yours.

Makes a lot of sense when you think about it.

I would say things would have to get twice as bad as now with unemployment around 20% and the Dow around 5000.

It is bad now but I remember worse times.

What you said is very uplifting and thank you very much for your well thought out reply God bless.