When does recession become a depression

[jamesuk28]

Not meaning to be gloom and doom, but interested in the definition of a depression, when does a recession become a depression?

[Stu R]

I don't think there's an exact length of time, just a prolonged recession

[Wacky Racer]

When you wake up at 4am every morning wondering whether your company will be trading in six months time.........

[Nitro...]

Wacky Racer said:

When you wake up at 4am every morning wondering whether your company will be trading in six months time.........

6 months?
I'd make that 6 days at todays rate.

[pgilc1]

Time to take out unemployment insurance?

When Santander took over abbey they made it clear that they would be centralising their IT function, so i took out unemployment insurance with Abbey (at a discounted rate being an employee) in case Abbey made me redundant. Which oddly enough they did, so i claimed £1500 off them until i got a new job :-)

I liked the irony in that a lot.

Edited by pgilc1 on Tuesday 30th September 20:28

[Ash 996 GT2]

pgilc1 said:

Time to take out unemployment insurance?

When Santander took over abbey they made it clear that they would be centralising their IT function, so i took out unemployment insurance with Abbey (at a discounted rate being an employee) in case Abbey made me redundant. Which oddly enough they did, so i claimed £1500 off them until i got a new job :-)

I liked the irony in that a lot.

Edited by pgilc1 on Tuesday 30th September 20:28

Class

[Bernie-the-bolt]

Wacky Racer said:

When you wake up at 4am every morning wondering whether your company will be trading in six months time.........

I've been doing that for 12 years..........

Bloody hell, it's October tomorrow and we can forget about the orders taken in September and start the clock ticking again

Another early start again and who said running your own business was ever going to be fun