Quote:
Originally Posted by TheCoolinator
Did you do anymore research on financial derivatives? and how many are them floating around? and have they caused the depression?
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No, because there is no depression right now, this is a recession.
The recession of the 70s lasted longer. It is called a recession
The recession of the early 80s lasted longer, it is also called a recession
The recession of the mid 90s (internet bubble anyone?) lasted this long... guess what? It was a recession.
If you are going to argue that this is a depression, then you had better cough up proof that those 3 examples are as well or I am forced to officially inform you you are full of shit
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