[Heineken]

$this->bbcode_second_pass_quote('vision-master', 'H')ouse values will drop at least another 20% before bottom is hit.

[ReverseEngineer]

$this->bbcode_second_pass_quote('bratticus', 'B')y the time they call it a "downturn" it's a recession. By the time they call it a "recession" it's a depression.

[dohboi]

This from the wiki definition of depression that bas linked:

"a depression is characterized by:
--abnormal increases in unemployment,
--restriction of credit,
--shrinking output and investment,
--numerous bankruptcies,
--reduced amounts of trade and commerce,
--highly volatile relative currency value fluctuation, mostly deval.
--Price defl. or hyperinf. are also common elements of a depression."

(my formating)

Are there any elements of this that we haven't seen, aren't seeing?

I'm going with brat and re on this one.

And it is a very important point that in the Great Depression I most people were largely self sufficient farmers used to living on next to nothing, isolated from the fluctuations of the market. Few now are in that position.