calculatedriskblog.com - 3/11/2009
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It seems like the "D" word is everywhere. And that raises a question: what is a depression? Although there is no formal definition, most economists agree it is a prolonged slump with a 10% or more decline in real GDP. Yesterday I heard an analyst say that a 10% unemployment rate is a depression. ...
washingtonpost.com - 3/9/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from...
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
U.S. Downturn Dragging World Into Recession
online.wsj.com - 3/13/2009
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online.wsj.com —
It is six months since Lehman fell and
the crash (or the great recession, or the collapse...
it's time it got its name) began. An aspect of the story given less attention than it is due, perhaps because it doesn't lend itself to statistics, is the ...
(more)
There's No Pill for This Kind of Depression
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More On The D-Word
The Daily Dish | By Andrew Sullivan —
... Calculated Risk has a helpful post on what a depression is and whether we are in one. As you can see from the above chart, we are not yet near the 10 percent decline in real GDP required to officially classify the current recession as a depression. Calculated Risk: ...
The Recession In Context
Power Line —
... Hysteria prevails in Washington, with "never let a crisis go to waste" the mantra. Loose talk about the present recession is so pervasive that many people don't have a clear idea how it fits in the context of earlier downturns. The web site Calculated Risk prepared these helpful charts. This one shows the durations and percent decline on an annualized basis of the postwar recessions, with the current one showing a cumulative decline of 3.4%. What jumps out at me is the extraordinary stability of our economy for the last 25 years; an entire generation has come of age without ...
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