Re: It's over !

["Devine, James" <jdevine@xxxxxxx>]

some historians also talk about a depression of the late 19th century. Wallace Peterson, an economist wrote of a "silent depression" of the last 30 years or so (in a book of the same name) ... Some have developed theories of "long waves" which are punctuated by depressions... 

------------------------
Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine




> -----Original Message-----
> From: Carrol Cox [mailto:cbcox@xxxxxxxxx]
> Sent: Thursday, July 17, 2003 2:46 PM
> To: PEN-L@xxxxxxxxxxxxxxxx
> Subject: Re: [PEN-L] It's over !
> 
> 
> Jurriaan Bendien wrote:
> >
> > I thought that a "recession" was a reduction in real GDP 
> growth and a
> > "depression" or "slump" negative real growth.
> >
> 
> At least in the U.S. _depression_ is very nearly a proper noun, The
> Depression of the 1930s.
> 
> Carrol
>