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Old 02-05-2009, 08:12 AM
420SEL 420SEL is offline
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Join Date: Jul 2000
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Looks like the UK is "officially" calling it a depression.

During a heated debate in the House of Commons, British Prime Minister Gordon Brown described the global economic slowdown as a depression, saying countries "should agree on a monetary and fiscal stimulus that will take the world out of depression." A Downing Street official later said Brown meant to say "recession," but the incident prompted widespread speculation on the severity of the U.K.'s economic problems. The Times (London) (05 Feb.) http://www.timesonline.co.uk/tol/news/politics/article5663645.ece
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Jason Priest
1999 E430
1995 E420 - retired
1986 420SEL - retired
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