Comments on: Recession vs. Depression http://www.subprimeblogger.com/2008/12/01/recession-vs-depression/ Your Mortgage News Source Sat, 20 Mar 2010 22:14:23 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Credit Karma Weekly Roundup - Let it Snow! http://www.subprimeblogger.com/2008/12/01/recession-vs-depression/comment-page-1/#comment-320 Credit Karma Weekly Roundup - Let it Snow! Sun, 14 Dec 2008 11:03:22 +0000 http://www.subprimeblogger.com/?p=348#comment-320 [...] Subprime Blogger talks about Recession vs. Depression. [...] [...] Subprime Blogger talks about Recession vs. Depression. [...]

]]> By: Stanley Moon http://www.subprimeblogger.com/2008/12/01/recession-vs-depression/comment-page-1/#comment-258 Stanley Moon Tue, 02 Dec 2008 17:26:31 +0000 http://www.subprimeblogger.com/?p=348#comment-258 "I personally think it will get worse before it gets better, but no where near depression status." I would love to know how you draw this conclusion! Could you take us through each factor that you used in your calculation, or is it a case of gut feel based on your past experience. Might I suggest that the latter is of little use right now! We are now in the situation where the mechanism of the free market which all right thinking economists always told us was *essential* to the economy's functioning is being abandoned so completely that quantities of money greater then twice the cost of WW2 are being splurged on propping up the most unproductive parts of the economy. And you say that it is just another minor downturn! “I personally think it will get worse before it gets better, but no where near depression status.”

I would love to know how you draw this conclusion! Could you take us through each factor that you used in your calculation, or is it a case of gut feel based on your past experience. Might I suggest that the latter is of little use right now!

We are now in the situation where the mechanism of the free market which all right thinking economists always told us was *essential* to the economy’s functioning is being abandoned so completely that quantities of money greater then twice the cost of WW2 are being splurged on propping up the most unproductive parts of the economy.

And you say that it is just another minor downturn!

]]>