Recession to Depression: how close are we?

SUBMAN1 · 03-03-09, 09:37 PM

Recession is 2 consecutive quarters of negative GDP. Even though we are officially in a recession, 2008 still had growth of 1.25% GDP, so all the news doom and gloom was wrong.

So to answer your depression question - that takes a drop of 10% GDP. So you tell me? Are you listening to economists that tell you we are in a depression? If so, they need to go back to school. Maybe they have their money in bear market funds and they are trying to push the price of stock down to make money. That is my second guess.

By your statement above, I can see that alarmism sells easily with you.

-S

03-03-09, 09:37 PM	#2
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Recession is 2 consecutive quarters of negative GDP. Even though we are officially in a recession, 2008 still had growth of 1.25% GDP, so all the news doom and gloom was wrong. So to answer your depression question - that takes a drop of 10% GDP. So you tell me? Are you listening to economists that tell you we are in a depression? If so, they need to go back to school. Maybe they have their money in bear market funds and they are trying to push the price of stock down to make money. That is my second guess. By your statement above, I can see that alarmism sells easily with you. -S __________________