As we at the Balcony canvass the trillions of web pages and news sources out there by utilizing an army of thousands of researchers (headed by sleeper cells inside the biggest hedge funds and financial institutions) in order to bring to you, dear readers, only what reading material is worth your time, we stumbled upon a serious question yesterday…
Obviously the economists among you are gonna jump to the fore with precise definitions and what not, but i propose to you a new paradigm. One nonetheless that we have hinted at in the past.
A depression is a recession so prolonged or so severe that it invades pop culture. Respected musicians write (crappy) songs about it and tv shows feature it prominently in their scripts…they are making wall street the sequel for crying out loud, how do you call that?
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