Originally Posted by Jesus H Christ

They are conscious not to use that word because it does not have the same meaning that it once did or we'd recognize today. It is impossible to have a the same type of depression as in 1929 because we have built a solid local and global infrastructure. Meaning, we wont go through 15 years of hard times to get jobs or markets spending again.

The best example are the Russians in 1991 who a total collapse of political ideology and infrastructure. They bounced back better then before in a decade and still growing like crazy to date.