Quote:
Originally Posted by The Leader
No, the definition of a recession is a significant decline in activity spread across the economy, lasting longer than a few months,
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So we agree then that we're in a depression.
The economy is in a significant decline in all sectors and it has
lasted longer than a few months. It's been over a year now......actually its been a couple of years now. 2008-2010. Wouldn't that mean it has went from a recession....to a depression?
I don't understand the mental obstacle here? It's very obvious.