You keep using that word.
I do not think it means what you think it means.
Recession is not what we are in. Depression is the proper word. I mean how can we be in a recession, when we are 2-3(or more) times worse off in sheer percentages that we were in the "Great Depression" Really? --
greg@gregfolkert.net PGP key 1024D/B524687C 2003-08-05 Fingerprint: E1D3 E3D7 5850 957E FED0 2B3A ED66 6971 B524 687C |
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"a" recession.
In that sentence, I was talking about what "normally" happens after a conventional recession.
I think this case has been a depression, especially in light of our tepid (world wide) response to the high unemployment rate. PK has been right - http://www.nytimes.c...on/22krugman.html Cheers, Scott. |
So exactly how much in percentage...
- (folkert)
- (4)
- April 1, 2013, 10:42:14 AM EDT
It's a very big hole we're climbing out of.
- (Another Scott)
- (2)
- April 1, 2013, 11:50:54 AM EDT
You keep using that word.
- (folkert)
- (1)
- April 1, 2013, 01:08:33 PM EDT
"a" recession.
- (Another Scott)
- April 1, 2013, 01:27:48 PM EDT
Also see DeLong's Macro Overview talk.
- (Another Scott)
- April 1, 2013, 03:36:51 PM EDT
