Comments on: What are the standards for our economy to be labeled “in a depression?”? http://www.newstrailer.net/finance/what-are-the-standards-for-our-economy-to-be-labeled-in-a-depression We Trail The Business News and Report Tue, 22 May 2012 05:53:25 +0000 http://wordpress.org/?v=2.2.1 By: scott-irish http://www.newstrailer.net/finance/what-are-the-standards-for-our-economy-to-be-labeled-in-a-depression#comment-12411 scott-irish Fri, 29 Jan 2010 14:59:49 +0000 http://www.newstrailer.net/finance/what-are-the-standards-for-our-economy-to-be-labeled-in-a-depression#comment-12411 In economics, a depression is a sustained, long downturn in one or more economies. It is more severe than a recession, which is seen as a normal downturn in the business cycle. Considered a rare but extreme form of recession, a depression is characterized by abnormal increases in unemployment, restriction of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce, as well as highly volatile relative currency value fluctuations, mostly devaluations. Price deflation or hyperinflation are also common elements of a depression. Man , that sounds a lot like what is going on right now In economics, a depression is a sustained, long downturn in one or more economies. It is more severe than a recession, which is seen as a normal downturn in the business cycle.

Considered a rare but extreme form of recession, a depression is characterized by abnormal increases in unemployment, restriction of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce, as well as highly volatile relative currency value fluctuations, mostly devaluations. Price deflation or hyperinflation are also common elements of a depression.

Man , that sounds a lot like what is going on right now

]]> By: World War III http://www.newstrailer.net/finance/what-are-the-standards-for-our-economy-to-be-labeled-in-a-depression#comment-12410 World War III Wed, 27 Jan 2010 02:43:55 +0000 http://www.newstrailer.net/finance/what-are-the-standards-for-our-economy-to-be-labeled-in-a-depression#comment-12410 you'll know when it hits, trust me. you’ll know when it hits, trust me.

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