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

To: ajtj99 who wrote (93999)2/9/2009 11:55:06 AM
From: stockfiend  Respond to of 116555
 
A recession is when your neighbor loses his job. A depression is when you lose your job.



To: ajtj99 who wrote (93999)2/9/2009 12:57:43 PM
From: skinowski1 Recommendation  Respond to of 116555
 
depression is when conventional monetary policy fails to reignite the economy

In other words, when they do the "usual" thing - print, cut rates, try to inflate - only to discover that the bull is out of bubbles. That's an interesting way of looking at it.

Barron's had an interview on this subject... I read it in print... very good.

Message 25395643


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