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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (31504)1/15/2009 9:27:05 AM
From: TimF  Read Replies (2) of 71588
 
A correction from my last statement

"OTOH if we get sustained high double digit rates, I'll accept the depression categorization. Or alternatively if we get any 20+% unemployment, even for a quarter, or if we get very sustained low double digit rates, then I'd also be ok with "depression"."

Should be

"OTOH if we get sustained rates in the high teens, I'll accept the depression categorization. Or alternatively if we get any 20+% unemployment, even for a quarter, or if we get very sustained low double digit rates, then I'd also be ok with "depression".

Obviously high double digit rates would be ridiculous.

And a clarification. "very sustained would be multiple years. Maybe 5 or even more.
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