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TIME/The Talk Has Turned To Depression
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TIME/The Talk Has Turned To Depression
by deMolay » Mon 30 Mar 2009, 13:25:07
The Titans of Industry are now mouthing the word. SSSSssshhhhh. "Depresseion". http://www.time.com/time/business/article/0,8599,1877556,00.html?xid=rss-business
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Re: TIME/The Talk Has Turned To Depression
by ReverseEngineer » Mon 30 Mar 2009, 13:36:40
deMolay wrote:The Titans of Industry are now mouthing the word. SSSSssshhhhh. "Depresseion". http://www.time.com/time/business/article/0,8599,1877556,00.html?xid=rss-business
This is because they aren't yet willing to admit to an Economic Collapse. Give it time.
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Re: TIME/The Talk Has Turned To Depression
by ReverseEngineer » Mon 30 Mar 2009, 13:56:55
pstarr wrote:Isn't 'economic collapse' and 'depression' the same?
Not quite the same. In a Depression, you can rebuild the monetary system, as was done in the Great Depression through the Bretton Woods agreements. In a true Economic Collapse, you cannot rebuild. This is more akin to the Collapse of the Roman Empire than the Great Depression.
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Re: TIME/The Talk Has Turned To Depression
by TWilliam » Mon 30 Mar 2009, 22:19:29
Just as an FYI, that article's nearly two months old...
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