Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (31405)	1/13/2009 11:53:44 AM
From: TimF	Read Replies (1) \| Respond to of 71588

Your assuming it does hit double digits... And if it does, low double digits probably wouldn't cut it. We had low double digit unemployment in the early 80s recession. And a number of wealthy European countries have relatively frequently had double digit unemployment rates with no one claiming that they where in a depression. 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". gregmankiw.blogspot.com