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Usually economic depressions are defined as recessions lasting longer than 8 quarters. And recessions are usually defined as two or more quarters of negative GDP growth. Since we've had an expanding GDP, then the term depression doesn't fit in an economic sense.
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Thinkin' of a master plan
'Cuz ain't nuthin' but sweat inside my hand
So I dig into my pocket, all my money is spent
So I dig deeper but still comin' up with lint
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