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Learning, Sharing, and Teaching => Investor Alley => Topic started by: John Galt incarnate! on March 26, 2020, 05:22:12 PM

Title: What Is Your Definition Of An Economic Depression?
Post by: John Galt incarnate! on March 26, 2020, 05:22:12 PM

Here is the definition of an economic depression from Investopedia.

"In economics, a depression is commonly defined as an extreme recession that lasts three or more years or leads to a decline in real gross domestic product (GDP) of at least 10 percent."


My definition of an economic depression is based on Investopedia's definition.

I define an economic depression  as  at least a one-year  decline in real GDP of 10% or more.

What is your definition?

If you are an economist, financier, banker, stock-market professional, etc., and you have your own definition please post it.

Title: Re: What Is Your Definition Of An Economic Depression?
Post by: Bloop Bloop on March 26, 2020, 11:52:33 PM

If my personal income drops by more than 20% gross (10% net) it's a depression!

Title: Re: What Is Your Definition Of An Economic Depression?
Post by: Buffaloski Boris on March 27, 2020, 03:04:24 AM

A 10% or more drop in GDP over at least one quarter.

Then there is the Time Honored definition: a recession is when your neighbor loses their job. A depression is when you lose YOUR job.