1. Well, it's not happening to any of them so therefore it must not be happening.
I see evidence everytime I drive into town. Businesses shuttered, streets in awful condition (patch,on top of patch)and just the over all appearance of people.
4. I heard it initially before we had positive GDP growth.
As in we may be heading for a second great depression.
Depression is a technical term like Bankruptcy.
One can be "broke" and not Bankrupt just as the economy can be struggling and it not be a Depression.
A Depression is defined as a sustained long period of negative GDP growth. We had 3 qtrs of negative GDP growth (2 or more is a recesion) and GDP is now growing (and has been for 2 qtrs) thus we sre not in a depression (or recession).
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