You're changing your whole point here. In your first post you said... "we now have a recession in the real economy and a banking crisis. This is a disastrous

You're changing your whole point here. In your first post you said... "we now have a recession in the real economy and a banking crisis. This is a disastrous combination." So what you were saying (in response to the original article) is that those factors made this the worst recession since the great depression. I didn't understand what you meant by your first point so I couldn't address it but I addressed your second point. So to have a discussion you should either (a) concede the point to me or (b) provide a counter point. What you've done here was to clarify my Japan point and then move on to making a third point. The problem with that third point is that you're just saying the world is in a recession. But that wasn't the point of disagreement. No one disputes that. The question is whether this recession is worse and the numbers you provided don't answer that question