A Depression? Hardly (Washington Post)

Story date: 2008-07-22 05:39:41
Added on: 2008-07-22 19:00:29

The specter of depression stalks America. You hear the word repeatedly. Are we in a depression? If not, are we headed for one? The answer to the first question is no; the answer to the second is "almost certainly not." The use of "depression" to describe the economy is a case of rhetorical overkill that speaks volumes about today's widespread pessimism and anxiety. A short history lesson shows ...


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