Oh hell..............grab a beverage, cover your keyboard and monitor. Another Primitive discussion on Economics.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2735100gateley (1000+ posts) Mon Jan-21-08 04:20 PM
Original message
What's the difference between a Recession and a Depression?
I ask because, even though I'm not savvy in economics, I have a gut feeling we're heading for a Depression. Is that possible? What will that mean to you and me?
Well at least the OP is honest, a lost trait among the primitives.
uberblonde (269 posts) Mon Jan-21-08 04:22 PM
Response to Original message
1. Like the difference between a one-night stand and a relationship.
The depression is longer and more serious but we're still getting ****ed.
Vincardog (1000+ posts) Mon Jan-21-08 04:23 PM
Response to Original message
4. We are ****ed. The rich will use it as another chance to pick up all the real property at 2% of cost
shain from kane (1000+ posts) Mon Jan-21-08 04:25 PM
Response to Original message
5. A recession is when your neighbor loses his job. A depression is when you lose your job.
Edited on Mon Jan-21-08 04:27 PM by shain from kane
There’s an old joke among economists that states:
A recession is when your neighbor loses his job.
A depression is when you lose your job
.
Jamastiene (1000+ posts) Mon Jan-21-08 04:25 PM
Response to Original message
6. Recession doesn't last as long as a Depression.
Good way to remember it:
Recess = short break
Depress = Oh, God, when will the misery ever end.
TechBear_Seattle (1000+ posts) Mon Jan-21-08 04:37 PM
Response to Original message
16. It depends on whethery you are blaming yourself or blaming the opposition
"We" can only create a recession, ie a temporary slow-down of the economy which is necessary to fix the problems left by "Them."
"They" can only create a depression, ie a long-term reversal of the economy caused by mismanagement, malfeasance, poor planning and incompetent polices. Can only be fixed by "We."
I agree WE is the only one I know who can fix this
Lobster Martini (945 posts) Mon Jan-21-08 04:38 PM
Response to Original message
17. Difference is, there aren't any good folk songs about recessions (n/t)
There are a few actual answers.............yet they really have no concept of economics outside of their hive and wiki