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Is it a Depression yet?
Comments
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it will bring depression for me maybe if more of my savings disappears with currency devaluation.:pbubblesmoney :hello:0
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Before the Great Depression in the 1930's any down turn in the economy was called a depression. The term recession was introduced to differentiate between the Great Depression and the the much lesser depressions (now recession) in the US between 1910 & 1913.
A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe. Or the current interpretation of 2 consequetive quarters of negative growth
The last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. During the Great Depression GDP fell about 33%.
The UK had a depression from 1919 to 1922, economic output fell 25%, the economy never fully recovered until after the Great Depression and the start of rearmament in 1937.
And I think every economic downturn in the UK since the 1930's has been a recession - but somebody will probably know more about it than I do.
In the words of Herbert Hoover " blessed are the young, for they shall inherit the national debt"0 -
it all depends what agenda you have or a if you're a HPC loon if you call it a depression.0
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Hyper-StagflationAs an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.0
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It's like the kids in the back of the car. Is it a depression yet? Not yet. Is it a depression yet? Not yet. Is it a depression yet? Yes.
Silence.
Is it recovery now? Not yet. Is it recovery now? Not yet. Is it recovery now? NO. And if you don't shut up Uncle Chucky will be coming to stay.
Dead silence.0
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