Recession Is When Your Neighbor Loses His Job. Depression Is When You Lose Your Job.

HomeFortune CookiesMiscellaneous Collections

Recession is when your neighbor loses his job.
Depression is when you lose your job.
These economic downturns are very difficult to predict, but sophisticated
econometric modeling houses like Data Resources and Chase Econometrics
have successfully predicted 14 of the last 3 recessions.

Related: