{"id":328,"date":"2009-01-09T12:13:06","date_gmt":"2009-01-09T18:13:06","guid":{"rendered":"http:\/\/sagantech.com\/blogs\/?p=328"},"modified":"2009-01-09T12:13:06","modified_gmt":"2009-01-09T18:13:06","slug":"us-in-depression","status":"publish","type":"post","link":"https:\/\/sagantech.com\/blogs\/?p=328","title":{"rendered":"US in Depression"},"content":{"rendered":"<p>Financial expert Mike Shedlock (<a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/\">Mish<\/a>) says in his blog today&#8230;<\/p>\n<p>&#8220;There is no official definition of depression. Here is mine. When the U-6 unemployment rate rises above 12.5 in conjunction with a stock market that is down close to 50%, it&#8217;s an economic depression. We are in one.&#8221;<\/p>\n<p><div id=\"attachment_331\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/sagantech.com\/blogs\/wp-content\/uploads\/2009\/01\/table-a-12-2008-12.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-331\" src=\"http:\/\/sagantech.com\/blogs\/wp-content\/uploads\/2009\/01\/table-a-12-2008-12-300x148.png\" alt=\"Click on image for more detail.\" title=\"table-a-12-2008-12\" width=\"300\" height=\"148\" class=\"size-medium wp-image-331\" srcset=\"https:\/\/sagantech.com\/blogs\/wp-content\/uploads\/2009\/01\/table-a-12-2008-12-300x148.png 300w, https:\/\/sagantech.com\/blogs\/wp-content\/uploads\/2009\/01\/table-a-12-2008-12.png 750w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-331\" class=\"wp-caption-text\">Click on image for more detail.<\/p><\/div><br \/>\n<strong>And have been since about November of last year<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial expert Mike Shedlock (Mish) says in his blog today&#8230; &#8220;There is no official definition of depression. Here is mine. When the U-6 unemployment rate rises above 12.5 in conjunction with a stock market that is down close to 50%, it&#8217;s an economic depression. We are in one.&#8221; And have been since about November of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-328","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=328"}],"version-history":[{"count":6,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/328\/revisions"}],"predecessor-version":[{"id":336,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=\/wp\/v2\/posts\/328\/revisions\/336"}],"wp:attachment":[{"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sagantech.com\/blogs\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}