Declines in specific industries can never ignite a general depression. Shifts in data will cause increases in activity in one field, declines in another.
Sentiment: NEGATIVE
In the last 5 years, American employers have lost over $150 billion of productivity to depression alone. That is more than the GDP of 28 different States during the same period.
Even if consumer confidence hit rock bottom, that most likely would not be enough, by itself, to cause a depression.
Recession is when a neighbor loses his job. Depression is when you lose yours.
Depression begins with disappointment. When disappointment festers in our soul, it leads to discouragement.
The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds of war gathering ominously in the background... For my money, few periods are so replete with human interest.
The observation that money changes induce output changes in the same direction receives confirmation in some data sets but is hard to see in others. Large-scale reductions in money growth can be associated with large-scale depressions or, if carried out in the form of a credible reform, with no depression at all.
Generally, I'm a pretty positive, but like any other working person, if the jobs aren't coming in, I do get depressed.
There seem to be many causes of depression. One cause is profound loss, grief. Economic hardship we know is linked to depression. We don't have a full picture.
We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.
I imagine there's a market for total depression. I grew up on George Jones and that really dark stuff.
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