Comments on: Recession: NBER Makes It Official (A Year Later) http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html Freshly squeezed market commentary & analysis Sun, 08 Nov 2009 06:29:48 +0000 http://wordpress.org/?v=2.0.2 by: Babak http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35831 Thu, 04 Dec 2008 18:38:06 +0000 http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35831 a recession is when you get a job cutting grass to supplement your income, a depression is when you eat the grass to supplement your meager diet (yes, people actually ate grass during the 1930 depression in the US) a recession is when you get a job cutting grass to supplement your income, a depression is when you eat the grass to supplement your meager diet

(yes, people actually ate grass during the 1930 depression in the US)

]]> by: Beck http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35827 Thu, 04 Dec 2008 16:28:12 +0000 http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35827 That's pretty simple, and is answered by the following old saw: a recession is when your neighbour loses his job; a depression is when you lose yours as well. That’s pretty simple, and is answered by the following old saw: a recession is when your neighbour loses his job; a depression is when you lose yours as well.

]]> by: Pam http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35811 Tue, 02 Dec 2008 04:45:09 +0000 http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35811 What is the difference between recession and depression? What is the difference between recession and depression?

]]> by: Jason http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35810 Tue, 02 Dec 2008 02:46:30 +0000 http://www.tradersnarrative.com/recession-nber-makes-it-official-a-year-later-2101.html#comment-35810 According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending. http://nomedals.blogspot.com According to Keynes, the root cause of an economic downturns is an insufficient aggregate demand. When the total demand for goods and services declines, businesses throughout the economy see their sales fall off. Lower sales induce firms to cut back production and to lay off workers. Rising unemployment and declining profits further depress demand, leading to a feedback loop with a very unhappy ending.

http://nomedals.blogspot.com

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