Comments on: What is an economic depression? http://www.creditwritedowns.com/2009/02/what-is-an-economic-depression.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: The recession is over but the depression has just begun | The Big Picture http://www.creditwritedowns.com/2009/02/what-is-an-economic-depression.html#comment-7602 The recession is over but the depression has just begun | The Big Picture Fri, 18 Dec 2009 22:29:12 +0000 http://www.creditwritedowns.com/?p=5903#comment-7602 [...] event entirely. Back in February, I highlighted a blurb from David Rosenberg which summed up the differences between recession and depression pretty well. Recessions are typically characterized by inventory cycles – 80% of the decline in [...] [...] event entirely. Back in February, I highlighted a blurb from David Rosenberg which summed up the differences between recession and depression pretty well. Recessions are typically characterized by inventory cycles – 80% of the decline in [...]

]]> By: Terry http://www.creditwritedowns.com/2009/02/what-is-an-economic-depression.html#comment-3647 Terry Mon, 09 Feb 2009 19:36:16 +0000 http://www.creditwritedowns.com/?p=5903#comment-3647 "The real work lies ahead — and some tough choices will have to be made as to which banks survive and which do not." Wait a minute! This is America! We don't make "tough choices," we just fritter away our country's and our children's financial future by throwing good money after bad in a potpourri of half-witted bailouts--ridiculously under-priced preferred share purchases, loans and guarantees, toxic asset purchases, bad banks, etc.--to insolvent banks and other "too big to fail" entities. “The real work lies ahead — and some tough choices will have to be made as to which banks survive and which do not.”

Wait a minute! This is America! We don’t make “tough choices,” we just fritter away our country’s and our children’s financial future by throwing good money after bad in a potpourri of half-witted bailouts–ridiculously under-priced preferred share purchases, loans and guarantees, toxic asset purchases, bad banks, etc.–to insolvent banks and other “too big to fail” entities.

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