The difference between a Depression and Recession
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I think you have that backwards.
You are correct.
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Recession - short term depression
Depression - what occurs if you haven't evolved mechanisms to make it a short term condition by enslaving the globe to slips of green paper.
Depression - what occurs if you haven't evolved mechanisms to make it a short term condition by enslaving the globe to slips of green paper.
Throw in a decade of drought, a war or two, an epidemic for good measure, and you have real trouble.
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Originally Posted By: oilyriser
Throw in a decade of drought, a war or two, an epidemic for good measure, and you have real trouble.
Well, if those natural inhibitors don't occur, you can make up your own upsets.
It's kinda like a bypass capacitor on an amplifier circuit. It keeps you at a higher indexed output. If the input goes south, it dumps electrons into the flow to fill in the sag.
You need a static level of misery or something is not being utilized to its maximum potential. It's along the lines of ..hmmm..if you love your job you're not doing enough work. You should be at some state of misery.
You need "managed trouble". It's all for the best.
Throw in a decade of drought, a war or two, an epidemic for good measure, and you have real trouble.
Well, if those natural inhibitors don't occur, you can make up your own upsets.
It's kinda like a bypass capacitor on an amplifier circuit. It keeps you at a higher indexed output. If the input goes south, it dumps electrons into the flow to fill in the sag.
You need a static level of misery or something is not being utilized to its maximum potential. It's along the lines of ..hmmm..if you love your job you're not doing enough work. You should be at some state of misery.
You need "managed trouble". It's all for the best.
Stalin wrote about that. Happy people do not work.
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Quote:
Stalin wrote about that.
So did Orwell.
Stalin wrote about that.
So did Orwell.
Reminds me of a TV ad, don't remember the company or product.... ab older guy and a younger guy are on an archeological dig, the young guy is complaining about being in hole and digging for stuff, wondering why anyone would want to do it, the old guy says he's retired and is doing it because he wants to, the younbg says that he should have listened to his mother and become a lawyer, the old guy says he use to be a lawyer :^)
It's just a case of trying to make it sound less serious. No foolin'. Here's how it happened.
Back in the 19th century, there were a couple of big financial panics- one occurred in the late 1870's, I think. Sometime later- probably in, oh, about 1929
- someone said- "You know, "panic" sounds bad. Why, people might even panic! Let's call it a "depression"- that sounds so much less serious."
And, Shazaam! Rather than the Great Panic, like those of the previous century, we had the Great Depression of the 1930's.
Sometime later still, someone said,"You know, the word "depression" didn't work out so well- the 1930's turned out to be a real *****! The next time the economy slows down a lot, let's not call it a depression- after all, people might panic! Let's call it- oh, I think "recession" would be nice. Yes, let's call it a recession."
And so they did. Since then we've had several recessions, but none as bad as the 1930's- so far!
Not sure what the next less serious sounding term will be- but you can be sure that eventually, "they" will come up with one.
Readers still curious about the practice of changing events, by simply changing the event's name, are directed to "Hitchhiker's Guide to the Galaxy", by Douglas Adams. There, they don't really call destruction of the planet anything- they just keep saying, "Don't Panic!"
Back in the 19th century, there were a couple of big financial panics- one occurred in the late 1870's, I think. Sometime later- probably in, oh, about 1929
And, Shazaam! Rather than the Great Panic, like those of the previous century, we had the Great Depression of the 1930's.
Sometime later still, someone said,"You know, the word "depression" didn't work out so well- the 1930's turned out to be a real *****! The next time the economy slows down a lot, let's not call it a depression- after all, people might panic! Let's call it- oh, I think "recession" would be nice. Yes, let's call it a recession."
And so they did. Since then we've had several recessions, but none as bad as the 1930's- so far!
Not sure what the next less serious sounding term will be- but you can be sure that eventually, "they" will come up with one.
Readers still curious about the practice of changing events, by simply changing the event's name, are directed to "Hitchhiker's Guide to the Galaxy", by Douglas Adams. There, they don't really call destruction of the planet anything- they just keep saying, "Don't Panic!"
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First I think we need to define "completely destroyed" before I could comment.
Originally Posted By: ZZman
A depression is when your neighbor loses his job.
A Recession is when you lose your job.
Put another way,
A recession is when your neighbor loses his job;
A depression is when you lose your job;
a recovery is when ZZman loses his.
A depression is when your neighbor loses his job.
A Recession is when you lose your job.
Put another way,
A recession is when your neighbor loses his job;
A depression is when you lose your job;
a recovery is when ZZman loses his.
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Everyone loses his job some day.
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I'm not going to say it! I will however say that both are a pain in the behind.
Quote:
What's the difference between an oral and anal thermometer
The aftertaste?
What's the difference between an oral and anal thermometer
The aftertaste?
Recession: Natural low or dip in economic cycle.
Depression: When the Government really screws up it's economic and fiscal policy causing a huge economic collapse. Then, the same people that caused the collapse, try to implement policies and spending that cause the financial hardships to continue for a much longer time than they would have if Big G would have left things alone to self correct.
Scary times ahead.
Depression: When the Government really screws up it's economic and fiscal policy causing a huge economic collapse. Then, the same people that caused the collapse, try to implement policies and spending that cause the financial hardships to continue for a much longer time than they would have if Big G would have left things alone to self correct.
Scary times ahead.
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