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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (3694)4/8/2004 1:32:14 AM
From: Perspective  Read Replies (1) | Respond to of 116555
 
From dictionary.com: "Depression"

de·pres·sion     P   Pronunciation Key  (d-prshn)
n.
The act of depressing.
The condition of being depressed.
An area that is sunk below its surroundings; a hollow.
The condition of feeling sad or despondent.
Psychology. A psychiatric disorder characterized by an inability to concentrate, insomnia, loss of appetite, anhedonia, feelings of extreme sadness, guilt, helplessness and hopelessness, and thoughts of death. Also called clinical depression.
A reduction in activity or force.
A reduction in physiological vigor or activity: a depression in respiration.
A lowering in amount, degree, or position.
Economics. A period of drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and unemployment.
Meteorology. A region of low barometric pressure.
The angular distance below the horizontal plane through the point of observation.
Astronomy. The angular distance of a celestial body below the horizon.


Decreasing business activity we've got. Falling prices, check. Rising unemployment, check.

The only thing we're lacking is the "drastic" part, but that will come too soon.

BC