Recessions vs. Depressions: Definitions, Explanations and Comparison in One Minute

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Recessions vs. Depressions: Definitions, Explanations and Comparison in One Minute

Рет қаралды 27,405

5 жыл бұрын

What's a recession? What about depressions, what are those? Finally, what are the similarities as well as differences between recessions and depressions?
In one minute, I've done my best to explain what recessions and depressions are all about. Furthermore, by comparing recessions to depressions, it will become even more obvious what the two are all about.
Throughout your existence, you'll most likely encounter several recessions but (hopefully) not that many depressions.
To minimize the negative effects of recessions and/or depressions, it's of the utmost importance to at the very least know your basic economics and establish a solid foundations. Through this video, you'll do just that.
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Пікірлер: 37

@OneMinuteEconomics Жыл бұрын

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@zamev 4 жыл бұрын

Just checking if we're facing a depression.

@OneMinuteEconomics 4 жыл бұрын

That remains to be seen. This much is certain, however, paying attention to the 2020 situation is a must and therefore, the new videos I publish on the channel mostly pertain to topics which help viewers make sense of it all :(

@OneMinuteEconomics Жыл бұрын

If you liked this video, I think you'll love The Age of Anomaly, my Wall Street Journal and USA Today best-selling book about preparing for financial calamities (whatever they may involve). You can buy it over at: 1) Amazon: www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polgar-ebook/dp/B09G6Z45QB 2) Barnes & Noble: www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 3) Apple Books: books.apple.com/us/book/the-age-of-anomaly-spotting-financial-storms-in/id1331704265 4) Kobo: www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty

@OneMinuteEconomics 4 жыл бұрын

One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): kzfaq.info/get/bejne/n9VgZ8ac1pe8YYE.html

@sanjayhulagur6009 4 жыл бұрын

Hypothetical question: assuming that we are in a depression now, people of a particularly country would want to buy things right, I mean after food demand is met, they will want to go to work and and people would want to buy right, can the government just print more money into the economy until things get better, suppose if there is no demand in the home country, they can export goods and products and make the cash flowing right?

@OneMinuteEconomics 4 жыл бұрын

A country has various options at its disposal to try to get out of a depression, with the two most obvious ones being borrowing money and "printing" money. Using the funds in question, they implement so-called stimulus measures so as to try to kick things into gear economically: from strengthening domestic companies so as to make them more competitive exporters to beefing up demand at home (as we have seen in the US, stimulus measures can even include sending checks to the average individual). But "try" is the operative word because as we have seen after the Great Recession, it's more difficult to control things than meets the eye, with a lot of the QE $ simply being "hoarded" as reserves in the banking system. Also, there is of course the possibility that things backfire when you try to print your way out of a depression, with the country in question perhaps going from deflation to inflation, something I've covered through the following video: kzfaq.info/get/bejne/ZtqBo7xk3tC7ZGQ.html

@connorbanks7706 4 жыл бұрын

Good video. Id just like to add for people who are interested. Recession can be eased with just lowering interest rates which promote spending and stimulate the economy. Depression is more so when the banks are too squeezed that they dont want to offer more loans in fear of defaults (cant pay back loans) and other stimuli are utilized.

@OneMinuteEconomics 4 жыл бұрын

Thanks Connor. With respect to lowering interest rates or even let's say monetary stimulus in general... well, it depends. If the recession was brought about by a financial crisis (the Great Recession, for example), then sure. But if like in our case in 2020, we have an economic rather than financial crisis in the spotlight, monetary policy alone has its limits, with the market demanding action on the fiscal stimulus side as well.

@trinstonmichaels7062 2 жыл бұрын

Trinston was here.

@OneMinuteEconomics 2 жыл бұрын

Glad to have you here, Trinston :)

@kaaijer 5 жыл бұрын

Great timing. Next depression incoming, fueled by the US.

@connorbanks7706 4 жыл бұрын

David Sarif turns out to be china lol #COVID

@oleskool4908 2 жыл бұрын

Who is now watching in 2022?

@brandongarland1841 2 жыл бұрын

Anyone watching in July 2022?

@OneMinuteEconomics 2 жыл бұрын

@mariuscalugareanu 5 жыл бұрын

thank you!

@mariuscalugareanu 5 жыл бұрын

Quick update: I failed my business dimension exam 😁, but the video is still very helpful!

@todkolas7582 4 жыл бұрын

Did you mean having negative gdp for 2 months or just less

@OneMinuteEconomics 4 жыл бұрын

Two consecutive quarters, with each quarter = 3 months :)

@cookinsdabest 3 жыл бұрын

Get ready for the second great depression, this markets about to crash hard

@OneMinuteEconomics 3 жыл бұрын

I'm more and more inclined to believe we will eventually (not right now, I'm thinking in terms of end game) end up dealing with a Great Inflation rather than Great Depression. Just don't see how anything else can be "sold" politically

@ahuman4664 4 жыл бұрын

i couldn't understand ): nvm i'll check another channel, but you keep workin

@OneMinuteEconomics 4 жыл бұрын

Sorry to hear that :( If you have any questions, feel free to post them in the comments section and I'll do my best to answer or perhaps someone else will chime in

@Swampertchamp 4 жыл бұрын

2020 pandemic here anyone?

@OneMinuteEconomics 4 жыл бұрын

Yep, quite a few people are concerned about the economic dimension as well, and rightfully so. Which is why, nowadays, pretty much all videos I publish are related to topics I believe people should know more about in light of the 2020 developments :(