"There is no exact definition of a depression, even now, more than 70 years after the last one ended."
Gary Duncan, Economics Editor
UK Times
"There is no exact definition of a depression, even now, more than 70 years after the last one ended."
2 comments:
I'd prefer he say "previous" rather than "last." It would clear up any ambiguity re where we are right now.
I'm a usual big fan of ambiguity, but after the first few months of TARP I prefer clarity in my economic policy.
Well stated, sir. You'd make one hell of a journalist, but there's a glut of unemployed scribes sniffing for work as it is.
I predicted some sort of doomsday when the real estate market was unsustainably inflated, but I never imagined this.
Oh Greenspan, your Atlas is shrugging and his dandruff is a fine nuclear snow.
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