The difference between a recession and a depression

Discussion in 'Family Life - Stories, Pictures & Updates' started by I have WHAT in my yard?, Nov 20, 2009.

  1. I have WHAT in my yard?

    I have WHAT in my yard? Chillin' With My Peeps

    Jun 24, 2008
    Eggberg, PA
    I was always told its a recession when your neighbor loses his job and its a depression when you lose yours. [​IMG]


    DH just lost his job today. Permanently. It's simply gone. [​IMG]

    I only work part time and we know full well that good paying manufacturing jobs are rare. The CEO gets over ten million a year and a bonus for cutting costs. [​IMG] [​IMG]



    We need all the positive thoughts we can get. [​IMG]
     
  2. EweSheep

    EweSheep Flock Mistress

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    [​IMG]
     
  3. piecemaker

    piecemaker Chillin' With My Peeps

    Feb 12, 2008
    Centerville Texas
    good thoughts your way [​IMG]
    piecemaker
     
  4. Luvin Life

    Luvin Life Chillin' With My Peeps

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    Apr 21, 2009
    Brownsburg, Indiana
    [​IMG] My prayers are with you. [​IMG]
     
  5. Scoop

    Scoop Chillin' With My Peeps

    Jan 16, 2009
    Central PA
    The so called experts say a recession is short and a depression is a long recession. I say we already are in a depression. I can't believe how many houses are vacant and/or foreclosed in my area. Oh my, so sorry.
     
    Last edited: Nov 20, 2009
  6. Kansaseq

    Kansaseq Prairie Wolf Farm Asylum

    Feb 12, 2009
    NE Kansas
    I'm so sorry. [​IMG]
     
  7. EweSheep

    EweSheep Flock Mistress

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    Jan 12, 2007
    Land of Lincoln
    From what I understand, we are not in a depression but still in a recession. A depression would be really bad, take a look back in stock market crash of 1929, the downfall of ecomony fueled the fire of uncertainty and soup kitchens. We are not there just yet.
     
  8. I have WHAT in my yard?

    I have WHAT in my yard? Chillin' With My Peeps

    Jun 24, 2008
    Eggberg, PA
    "we're just not there yet" is the key. The real depression didn't start until 1933.

    And as long as they can keep us fighting amongst ourselves we'll keep getting the shaft. There are some eery similarities between now and 1932.
     
  9. I have WHAT in my yard?

    I have WHAT in my yard? Chillin' With My Peeps

    Jun 24, 2008
    Eggberg, PA

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