Will the US enter a depression if the Republicans win the midterms?
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13. Okt. 26, 04:48 UTC31. Dez. 28, 23:59 UTC
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Depression defined as
- a 10% decrease in GDP, OR
- an economic contraction lasting 3 or more years, OR
- unemployment rates >20%, OR
- 2 years of deflation due to decreased demand (must be combined with other spikes, e.g. high unemployment >10% but not reaching 20%, or significant underemployment where everyone is driving Uber or other gigwork, and/or a significant decrease in GDP >5% but that does not quite reach 10%), OR
- Widespread banking collapse, debt defaults, lots of lost money, (must be combined with other spikes, see previous point)