Comments on: Did We Ever Fully Recover from the 2001 Recession? http://money-hacks.com/646/did-we-ever-fully-recover-from-the-2001-recession/ Helping you earn, spend, save, preserve, invest, and multiply your money Fri, 02 Mar 2012 06:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: billspaced http://money-hacks.com/646/did-we-ever-fully-recover-from-the-2001-recession/#comment-135 billspaced Fri, 27 Feb 2009 16:57:00 +0000 http://moneyhackstemp.wordpress.com/2009/02/26/did-we-ever-fully-recover-from-the-2001-recession/#comment-135 What IS the definition of a depression? Is there one?<br/><br/>A common, though perhaps not generally accepted, definition is a decline in GDP of 10 percent or more. The latest figures on GDP shrink is a 6.2 percent annualized decrease (Q4 2008). If we shrink more in 2009, we'll be very close. What IS the definition of a depression? Is there one?

A common, though perhaps not generally accepted, definition is a decline in GDP of 10 percent or more. The latest figures on GDP shrink is a 6.2 percent annualized decrease (Q4 2008). If we shrink more in 2009, we’ll be very close.

]]> By: Free From Broke http://money-hacks.com/646/did-we-ever-fully-recover-from-the-2001-recession/#comment-134 Free From Broke Fri, 27 Feb 2009 16:08:00 +0000 http://moneyhackstemp.wordpress.com/2009/02/26/did-we-ever-fully-recover-from-the-2001-recession/#comment-134 Our current economy is absolutely connected to the last recession. It was at the turn of the century that the reigns on lending were loosened. That combined with the low interest from the Fed to stimulate the economy created a surge of demand for housing which leads to our current situation. There are not separate events. That said I don't think we are in a depression either. We haven't had the economic shrinkage to define a depression yet. Our current economy is absolutely connected to the last recession. It was at the turn of the century that the reigns on lending were loosened. That combined with the low interest from the Fed to stimulate the economy created a surge of demand for housing which leads to our current situation. There are not separate events. That said I don’t think we are in a depression either. We haven’t had the economic shrinkage to define a depression yet.

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