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http://www.tampabay.com/opinion/columns/article976767.ece
The D word
From the article:
Regular recessions used to be known as depressions. Among the most famous was the so-called long depression between 1873 and 1896, which was known as the Great Depression until the meltdown of the 1930s snatched the moniker. To avoid reminding people of economic collapse, 25 percent unemployment and soup kitchens, the D-word was retired from everyday use and replaced with recession.
 

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IMO, it doesn't really matter what it's called. It is what it is, and the name doesn't change the situation any.

Interesting about the 1800's Depression though. I don't recall having heard about that one before.
 
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