Quote:
Originally Posted by TheCrimsonGhost
I am concerned that the USA is too busy worrying about everyone else's economic position to realize that we are really not outta this depression and things are about to get worse.
|
I wouldn't even call the last two years a recession. After driving around yesterday and doing some shopping... yeah.
I wish that they would refine the terms.
Recession = 25% involuntary unemployment, people spend savings and sell things of value, people ride bicycles to save money, eat cheaper food, and reduce all monthly costs.
Depression = 40+% involuntary unemployment, people have no savings and nothing of value, eat only donated handouts and farm leftovers, ride bicycles because they sold the car, had to cut all monthly bills.