Quote:
Originally Posted by sleepy jack
You just used recession and depression interchangeably...they're not the same thing. We've only had one depression and that was the Great Depression; singular. No S at the end.
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There have been MANY recessions, but as I stated only a few depressions. (not interchangeable at all) When a recession is bad enough to effect the GDP and everyone's pocketbook severely it should be considered a depression.