Archive for March 6th, 2009

Recession? Depression? Or The Great Melancholia?

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See my column over here. People are saying “recession” but I’ve lived though recessions before and I don’t recall banks collapsing. Depression? That’s a mental health term, not an economic description. Besides, I’m not sure we’re there just yet. This is bad. But not that bad. I think we’re somewhere in between recession and depression. [...]