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The difference between depression and recession
- tokenadult 18y ago"However, these reassurances come from many of the same economists who said that a nationwide fall in American house prices was impossible and that financial innovation had made the financial system more resilient. Hopefully, they will be right this time." I hope they are learning something from current events.
- asmithmd1 18y agoWhen your neighbor loses his job, it is a recession; it is a depression when you lose your job