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America in depression

Discussion in 'The Economy' started by AsxBroker, 10th Mar, 2009.

  1. AsxBroker

    AsxBroker Well-Known Member

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    Bloomberg.com: Invest

    Anyone else think that the US is in a depression? or just recession?

    Cheers,

    Dan
     
  2. Chris C

    Chris C Well-Known Member

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    Brisbane, QLD
    They are starting to move towards those levels, but I think we only start using the D word once their unemployment is past 10% and they are still notching up 500,000+ monthly job loses.

    I should point out that at this stage I'm fully expecting that the US will reach an unemployment levels of 10% and may even go as high as 12% - 15%.