Depression is an unusually severe or unusually long recession. Since 1854, an average recession lasted 17 months with a standard deviation of 12. The Great Depression of 1929-33, in contrast, lasted 43 months (so it was a two standard deviation event); the Great Depression of 1873-79, 65 months (that one was a four standard deviation event).
since you already seem to know, why are you asking?actually you are wrong. i’ve got three words for you: panic, depression and recession. now, what’s the difference? nothing. these are three ways of saying the same thing but when applied, panic causes people to , well, panic. so using depression, people might not panic (as much). now, when using the word ‘recession’, people might thing, ‘wow! that’s not as bad as i thought!’. i think it’s rather odd that using the same word in different context or using different words meaning the same thing causes people to react the way you just did. strange. very strange!
When Ronald Reagan ran for encumbent president against president Jimmy Carter he gave these definitions:
A recession is when your neighbor loses his job.
A depression is when you lose your job.
And recovery is when Jimmy Carter loses his.
a recession is the downward movement of economic activity.
a depression is when the economy reaches its lowest point.
recession is on the road to depression.
the cycle is as follows – boom, recession, depression, recovery, boom………
August 7th, 2009 at 3:19 pm
Depression is an unusually severe or unusually long recession. Since 1854, an average recession lasted 17 months with a standard deviation of 12. The Great Depression of 1929-33, in contrast, lasted 43 months (so it was a two standard deviation event); the Great Depression of 1873-79, 65 months (that one was a four standard deviation event).
August 7th, 2009 at 3:19 pm
That sounds about right. I don’t think we’ve entered a depression yet, though. Things can get much, much worse.
August 7th, 2009 at 3:19 pm
since you already seem to know, why are you asking?actually you are wrong. i’ve got three words for you: panic, depression and recession. now, what’s the difference? nothing. these are three ways of saying the same thing but when applied, panic causes people to , well, panic. so using depression, people might not panic (as much). now, when using the word ‘recession’, people might thing, ‘wow! that’s not as bad as i thought!’. i think it’s rather odd that using the same word in different context or using different words meaning the same thing causes people to react the way you just did. strange. very strange!
August 7th, 2009 at 3:19 pm
When Ronald Reagan ran for encumbent president against president Jimmy Carter he gave these definitions:
A recession is when your neighbor loses his job.
A depression is when you lose your job.
And recovery is when Jimmy Carter loses his.
August 7th, 2009 at 3:19 pm
a recession is the downward movement of economic activity.
a depression is when the economy reaches its lowest point.
recession is on the road to depression.
the cycle is as follows – boom, recession, depression, recovery, boom………
August 7th, 2009 at 3:19 pm
Recession is when the economy suffers for 9 months to one year. Depression is longer.
August 7th, 2009 at 3:19 pm
Well, a ‘recession’ is temporary
and a ‘depression’ is long term
in the economic world , but we still
loose out somewhere along the line.