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


To: Perspective who wrote (3905)4/8/2004 9:50:02 AM
From: Tommaso  Read Replies (1) | Respond to of 116555
 
>>>>Economics. A period of drastic decline in a national or international economy, characterized by decreasing business activity, falling prices, and unemployment<<<

But business is active, prices are rising, and unemployment is not very high. In the last real depression in the U.S., unemployment hit 25%, and that was a period when few women were part of the work force and therefore were not counted in employment figures.