In other words: The great normal downturn in the business cycle … The GREAT significant decline in economic activity spread across the country, lasting more than a few months … don’t even think of calling this a depression ... everyone knows that a depression has to last at least 25% longer than this … everyone knows we need another 20% of the worlds wealth to be destroyed before we can really call this a depression ... with over 50% of the worlds wealth being destroyed (March 10th, 2009) we can OBVIOUSLY still lose another 50% ...
The Great Recession - Reuters
I wonder how many Great Recession’s we’ve had since the Great Depression.
This is a Great Recession!
Over and Out