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depression of 2009

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When Does A Recession Become A Depression?

by Richard Warren | March 16, 2009

 Are we in a really bad recession or a “mild” depression? Does it matter? At what point do we go from being in a somewhat normal recession to a full-blown depression? Where is that line and how do we know when we’ve crossed it? What is a depression anyway? Does anyone really know?
Recessions are pretty [...]

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