What Is a Depression?

A recession leads to a depression, and I think we're a light years away from a depression. The textbook definition of this depression is prolonged quarters of negative growth. And number two, we've got high inflation, so we're on the other side of the coin. And we've got low unemployment, not high unemployment. You can't control China, whether they want to turn on or turn off imports from Australia. But you can control how you run and manage your own life. That's what personal finance is about. It's never as bad as it seems, and it's never as worse as it feels. What's the saying? Yeah, so John says it's not as bad