I hate to wreck the party, which is a lot of fun, but I believe a "depression" is
an outmoded word (which in turn replaced financial panic (as in the panic of
1837). A depression is, iirc, defined by two successive quarters of negative
growth. The US had a recession; Canada hasn't had one (yet; le
[EMAIL PROTECTED] wrote:
> A recession is when it happens to your neighbor.
> A depression is when it happens to you. [grin]
===
Grampa Bill comments:
Close but no banana.
When our neighbor is out of work it's an economic correction.
When you are out
>At 12:42 PM 9/24/2002, JWR wrote:
>
>>Tell me, when does a recession become a depression?
When you lose YOUR job (speaking generically of course)
Till
/
/// ZION LIST CHARTER: Please read it at ///
/// http://www
Steven Montgomery:
John Redelfs:
>Tell me, when does a recession become a depression?
We are in a depression now.
___
A recession is when it happens to your neighbor.
A depression is when it happens to you. [grin]
Larry Jackson
<[EMAIL PROTECTED]>
__
At 12:42 PM 9/24/2002, JWR wrote:
>Tell me, when does a recession become a depression?
>
>Your friend and brother,
>John W. Redelfs, [EMAIL PROTECTED]
We are in a depression now.
--
Steven Montgomery
[EMAIL PROTECTED]
//
at 11:36 AM 9/24/02 -0700 Geoff Fowler favored us with:
Your comments on education are right on target. That is one of our major problems as a
society. Far too many Americans do not study their history (or anyone else's, for that
matter). This means that we are apt to repeat it - over and over a
