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Is the US already in a depression?

Asked by Mtl_zack (6778points) October 18th, 2008

i hear news that the us will be in a depression, but isnt it already in one? do politicians use the word depressions as a scare factor?

when california was announced as “officially” being in a depression 2 months ago, everyone started freaking out. the day before, however, was perfectly fine.

where is the line where depression and not depression seperate?

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