And you found where his house was? Additional Details Alright 2, now I definitely think that you're in on the scam. People, if you stop hearing from me, then you know that 2 is in ...
does anybody else find that walmart has bad customer service? and that during the busiest time of the day, theres only a few lanes open? they have all of those check out lanes and only 3 or 4 are ...
My local Sunoco station is charging 20 cents/gallon more than other gas stations in this area, yet they're alsways busy. What's so special about Sunoco?...
We elected a new President for our condo and he fired the property management company and hired a second one . Within days he fired the second one and hired a third property management company. He ...
i have two free tickets to go to one of his workshops but i want to know if i will be wasting my time.. Additional Details i think it IS the real estate one.....
Isn't it just as bad when a businessman takes a bribe?
Are they really any better than politicians when they take bribes?
Is it illegal for a businessman to take bribes?
As a real ...
There is an old joke among economists that states:
A recession is when your neighbor loses his job.
A depression is when you lose your job.
The difference between the two terms is not very well understood for one simple reason: There is not a universally agreed upon definition.
The standard newspaper definition of a recession is a decline in the Gross Domestic Product (GDP) for two or more consecutive quarters. The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) determines the amount of business activity in the economy by looking at things like employment, industrial production, real income and wholesale-retail sales. They define a recession as the time when business activity has reached its peak and starts to fall until the time when business activity bottoms out. When the business activity starts to rise again it is called an expansionary period. By this definition, the average recession lasts about a year.
Before the Great Depression of the 1930s any downturn in economic activity was referred to as a depression. The term recession was developed in this period to differentiate periods like the 1930s from smaller economic declines that occurred in 1910 and 1913. This leads to the simple definition of a depression as a recession that lasts longer and has a larger decline in business activity.
A good rule of thumb for determining the difference between a recession and a depression is to look at the changes in GNP. A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe.
Jimmy Dean
A recession is a three quarters of negative growth. We arent there yet.
This will last longer than most because government has spent a lot of money and so businesses will earn less in the future because of increased taxes. Government spending does not help business. The bailouts the democrats will pass will not stimulate the economy.
Kay
The recession and depression are the term frequently used interchangeably by media depending on the speaker's point of view.
It depends on the severity and period of economic crisis.
The recession is the term to describe a period of overall reduced economic activities.
The depression describes a long period of low general economic activity marked especially by rising level of unemployment.
Sir Percival Blakeney Baronet
Recession = slowdown
Depression = dead economy
put_lake
Depression is bad. It's like once in 80 years. Recession is not that bad.
Othniel
A recession is what we have with Bush as President and a depression is what we will have with Obama as President.
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