General Discussion

ProfessorGAC

(77,217 posts)

16. Neither

Sun May 10, 2026, 07:34 PM

Sunday

And, we are miles from a depression.
Traditionally, a Depression is a recession at least 10 months long with GDP contraction of over 10% & unemployment approaching 20%.
There are other metrics used, for instance, 1% increase in UE every month for 10 or 12 months (meaning it never hits 20%), or hyperinflation, which we don't have today (or even close).
It's bad right now, but not technically we haven't hit the markers for full recession and certainly not depression.

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

BigmanPigman rictofen

17 replies

= new reply since forum marked as read

Highlight:

Are we in a Recession or a Depression? [View all] BigmanPigman Sunday OP

It's hard to tell when a corrupt ananda Sunday #1

and the numbers Skittles Sunday #2

It can be very local and even down to an individual biophile Sunday #3

Even if it may technically 'only' a recession Dave Id Sunday #4

We still have economic growth edhopper Sunday #5

An oldie (from the '70s. Or maybe earlier.) 3_Limes Sunday #6

I think if the AI bubble pops, and the bottom drops out of the market, it'll all hit at once. Volaris Sunday #10

If I understand the "6 months" remark... Dave says Sunday #12

A two month decline in GDP is technically a recession questionseverything Sunday #15

K shaped economy Johonny Sunday #7

This Sympthsical Sunday #14

I call it a "deep funk" Redleg Sunday #8

No MichMan Sunday #9

The two situations have been decribed thus: A HERETIC I AM Sunday #11

I don't think we're in a recession yet Wednesdays Sunday #13

Neither ProfessorGAC Sunday #16

People I know burbling with joy about their 401Ks GenThePerservering Sunday #17