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Mon Jul 16, 2012, 04:58 AM

Chances 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%)
25%
1 (17%)
50%
1 (17%)
75%
0 (0%)
100%
4 (67%)
I don't know
0 (0%)
Other (see my post)
0 (0%)
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Reply Chances of a "officially recognized" economic depression within 10 years ? (Original post)
steve2470 Jul 2012 OP
Drunken Irishman Jul 2012 #1
steve2470 Jul 2012 #2
jtuck004 Jul 2012 #5
Po_d Mainiac Jul 2012 #6
malthaussen Jul 2012 #3
limpyhobbler Jul 2012 #4
steve2470 Jul 2012 #8
Warpy Jul 2012 #7
Drunken Irishman Jul 2012 #9

Response to steve2470 (Original post)

Mon Jul 16, 2012, 05:05 AM

1. Depends on what happens this November.

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Response to Drunken Irishman (Reply #1)

Mon Jul 16, 2012, 05:07 AM

2. excellent point nt

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Response to Drunken Irishman (Reply #1)

Mon Jul 16, 2012, 01:34 PM

5. Or maybe not. n/t

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Response to jtuck004 (Reply #5)

Mon Jul 16, 2012, 02:04 PM

6. yup n/t

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Response to steve2470 (Original post)

Mon Jul 16, 2012, 08:11 AM

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

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Response to steve2470 (Original post)

Mon Jul 16, 2012, 10:44 AM

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.
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

Is there really an official declaration of a depression, or is it just a worse recession? I'm not sure.

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Response to limpyhobbler (Reply #4)

Mon Jul 16, 2012, 06:23 PM

8. good find ! nt

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Response to steve2470 (Original post)

Mon Jul 16, 2012, 02:09 PM

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.

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Response to Warpy (Reply #7)

Mon Jul 16, 2012, 06:56 PM

9. Retroactively? :P

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