Depression versus Recession?
The Big Picture —
... I have been calling this the “Great Recession,” and suggested the worst of it is over, and we are now in a not-so-great, ordinary recession. Mish believes we are in something far worse: A Depression (See Depression Debate – Is this a Depression?) ...
Is the Rally Ending, or Does it Have More to Go?
The Big Picture —
OK, its time for round 2, Shedlock vs. Ritholtz.
You may recall that last time, Mish & I disagreed as to whether this was a recession (Me) or a depression (He).
• 1929 Versus 2007: Employment Change
• Depression Debate – Is this a Depression?
• Depression versus Recession?
This time, the debate is over the current rally.
On Monday this week on Yahoo Tech Ticker, I discussed that we did not see evidence that the rally was ending (See Rally May Only Be in 6th or 7th ...
Assessing the Odds of Our Depression's Shape
Minyanville —
... heels behind the position that the fact that unemployment is 10% shows not that policy earlier this year was too cautious but rather that it was ineffective. And the Obama administration has not been able or has not tried to move either of those groups out of their current entrenchments. ... So if another big, bad shock hits the US economy, what could the Obama administration possibly do? Depression Debate For starters, it's clear we're in a depression. However, this gets back to the Depression Debate: Is This a Depression? I say it is, for reasons given in the article linked ...


