Let's call it what it is Now - some are in denial - calling this just a "recession" and that we have not met the "criteria" of depression - and that we will get out of this mess soon - just like past recessions.
Sorry - but this is NOT like past recessions for many reasons. The stock market snapped back smartly from the 7000's to almost 9000 recently - as people were "afraid to miss the bottom."
Unfortunately for them - I believe that we will be headed down again - when people see more dominoes fall.
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