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Thread: At what stage do we enter a depression ?

  1. #11
    Politics.ie Member katy brock's Avatar
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    Quote Originally Posted by Bobert View Post
    I would but it broke the last time you were in my house and looked at it.
    What are you going to snort coke off now?

    Only joking.
    Last edited by katy brock; 16th October 2008 at 09:19 PM. Reason: typo

  2. #12
    Politics.ie Regular Bobert's Avatar
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    Quote Originally Posted by katy brock View Post
    What are you going to snort coke off now?

    Only joking.
    So thinking of suing you right now...
    Every one sees what you appear to be, few really know what you are, and those few dare not oppose themselves to the opinion of the many, who have the majesty of the state to defend them.

    - [SIZE=2]Niccolò Machiavelli[/SIZE]

  3. #13
    Politics.ie Regular 20000miles's Avatar
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    Quote Originally Posted by DrKildamore View Post

    At what stage does a country enter a depression and could we be heading for one?
    A recession becomes a depression when the government of a country interferes with the corrective forces of the market and effectively turns a short sharp correction into decades of misery.

    See Great Depression, 1990s Japan.
    Last edited by 20000miles; 16th October 2008 at 10:03 PM.

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  4. #14
    Politics.ie Member FutureTaoiseach's Avatar
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    Well if you use Great Depression in the US as a benchmark, then maybe its 25% unemployment and a 50% repossession rate.

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