They used recession for a while to avoid saying depression, which was in turn a way to soften what they were previously called: panics. We are just going to get more and more euphemistic until the Great Woopsy of 2040
They used recession for a while to avoid saying depression
Recession and Depression have specific technical definitions, relative to annual change in GDP.
We haven't seen a real Depression since the 30s thanks to Fed :brrrrrrrrrrrr: Policy. But with Inflation being the modern economic Boogeyman, we may be reaching the point politically in which national leadership is willing to obliterate domestic capital in hopes of protecting international trade.
They just called 2008 "global financial crisis"? What are they going to call the next one? "Ultra global financial crisis? " :biden-troll:
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First Financial Impact
Second Financial Impact
Third Financial Impact
Fourth Financial Impact
Another Financial Impact
:shinji-screm: :doomjak:
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They used recession for a while to avoid saying depression, which was in turn a way to soften what they were previously called: panics. We are just going to get more and more euphemistic until the Great Woopsy of 2040
Recession and Depression have specific technical definitions, relative to annual change in GDP.
We haven't seen a real Depression since the 30s thanks to Fed :brrrrrrrrrrrr: Policy. But with Inflation being the modern economic Boogeyman, we may be reaching the point politically in which national leadership is willing to obliterate domestic capital in hopes of protecting international trade.
They got bored of calling them "panics" in the 1900's but I think it's a more fitting name since they cause exactly that.