Posted by: Stiffler June 30, 2011
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Recession and Depression are actual economical terms meaning they have some way of measuring the phenomenon (some idea look into GDP, others look at other indicators). As far as we know, we had a recession and we are out of it already but we might be going back in...we might only know after we are already into it though.
Like somebody said, "A recession is when your neighbor loses his job. A depression is when you lose your job"
Like somebody said, "A recession is when your neighbor loses his job. A depression is when you lose your job"