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Economy

limpyhobbler

(8,244 posts)

4. I don't think the NBER identifies depressions

Reply to steve2470 (Original post)

Mon Jul 16, 2012, 10:44 AM

Jul 2012

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1]

http://en.wikipedia.org/wiki/Depression_(economics)

Q: Does the NBER identify depressions as well as recessions in its chronology?

A: The NBER does not separately identify depressions.

http://www.nber.org/cycles/recessions_faq.html

Is there really an official declaration of a depression, or is it just a worse recession? I'm not sure.

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Chances of a "officially recognized" economic depression within 10 years ? [View all] steve2470 Jul 2012 OP

Depends on what happens this November. Drunken Irishman Jul 2012 #1

excellent point nt steve2470 Jul 2012 #2

Or maybe not. n/t jtuck004 Jul 2012 #5

yup n/t Po_d Mainiac Jul 2012 #6

Unemployment could be 75% and they'd still call it a recession malthaussen Jul 2012 #3

I don't think the NBER identifies depressions limpyhobbler Jul 2012 #4

good find ! nt steve2470 Jul 2012 #8

I'd say it's 100% that in 10 years or so Warpy Jul 2012 #7

Retroactively? :P Drunken Irishman Jul 2012 #9