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Originally Posted by kingwillyhggtb ^ ok ok now your being slightly pedantic - correction / recession / depression / dip / decline.
all more or less parts of the same slippery slope innit! |
It's not pedantic at all.
A correction has nothing to do with a recesion, depression,dip, or decline.
A recession is not a depression.
A depresion is not a recession.
A dip is usually considered to be a correction, and dips/correction happen during high growth and favorble economic times.
There won't be a crash. There may be more inflation; maybe not. There may be declining standard of living.
Don't get me wrong. The U.S. is NOT in good shape economically. Not in good shape at all.
Things have not been good in the U.S. since the late 1970s.