Robert Manning wrote:
> Typically, a recession is defined by whether
> friends/acquaintances lose their jobs. When we personally loose a job,
> that's "depression."
>
> Robert D. Manning
>
> Rochester Institute of Technology
>
I'd agree -- except I think the terms have shifted. Remember,
"Depression" was orginally coined as a euphemism for "panic". (I know
this because of reading some really bad early 20th century mysteries
about a professional "swindler".)
These days, the shift has occurred again. "Recession" is now used
where "depression:" used to be; "downturn" is used where "recession"
used to be. And "correction" is used where downturn used to be. ..
