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Economy
Related: About this forumChances of a "officially recognized" economic depression within 10 years ?
Officially recognized economic depression = stated by the government and these people: National Bureau of Economic Research
6 votes, 0 passes | Time left: Unlimited | |
0% | |
0 (0%) |
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25% | |
1 (17%) |
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50% | |
1 (17%) |
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75% | |
0 (0%) |
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100% | |
4 (67%) |
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I don't know | |
0 (0%) |
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Other (see my post) | |
0 (0%) |
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0 DU members did not wish to select any of the options provided. | |
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Chances of a "officially recognized" economic depression within 10 years ? (Original Post)
steve2470
Jul 2012
OP
Drunken Irishman
(34,857 posts)1. Depends on what happens this November.
steve2470
(37,457 posts)2. excellent point nt
jtuck004
(15,882 posts)5. Or maybe not. n/t
Po_d Mainiac
(4,183 posts)6. yup n/t
malthaussen
(17,219 posts)3. Unemployment could be 75% and they'd still call it a recession
Nobody is going to be willing to admit that the system is that broken.
-- Mal
limpyhobbler
(8,244 posts)4. I don't think the NBER identifies depressions
In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1]
http://en.wikipedia.org/wiki/Depression_(economics)
Q: Does the NBER identify depressions as well as recessions in its chronology?
A: The NBER does not separately identify depressions.
http://www.nber.org/cycles/recessions_faq.html
A: The NBER does not separately identify depressions.
Is there really an official declaration of a depression, or is it just a worse recession? I'm not sure.
steve2470
(37,457 posts)8. good find ! nt
Warpy
(111,405 posts)7. I'd say it's 100% that in 10 years or so
the collapse that began in 2007 will be called a depression, but hey, folks, the government and corporations worked together to get us out of it.
Never mind that if you're in the 99%, you'll likely still be stuck in the middle of it.
Drunken Irishman
(34,857 posts)9. Retroactively? :P