Depressions are recessions. Recession is the CORRECT term for a finance professional to use. "Depression" is a subjective term, and one not officially used.
And YES, a bad recession can cause 175% returns, if you bet against the market. Did you even bother to guess what his investments were? If not, then how can you say that his high returns disprove a recession?
He's the one making money here, folks. Lots of it.
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Other reader comments on this article
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Date
bad
Mar 11, 2008 17:30
Lack of fiscal discipline and ignorance by the President and Congress has led to huge deficits and the weakening of... [MORE]
Boomer
Mar 7, 2008 12:17
So there will be 2 recessions under Bush. Overspending, lying about weapons to tie us up in Iraq while Osama... [MORE]
ATG
Feb 21, 2008 03:07
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Blueoxe
Feb 24, 2008 15:07
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The fact is, the job selling started with Clinton, not with Bush. There are so many messes that Bush has... [MORE]
sockergrl80
Feb 25, 2008 16:03
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It takes more than the president to pass and make laws. None in congress seem to do anything about the... [MORE]
JW
Feb 28, 2008 14:19
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V Malhotra
Mar 5, 2008 13:28
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if people cant see what is going on around them then you are in big trouble look at the price... [MORE]
brenda
Mar 12, 2008 12:16
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This country is broke. If not , why are we borrowing money from China to give rebates to (everyone)? What... [MORE]
tank
Feb 11, 2008 11:05
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1st--there are bread lines, and there have been for many years--they are just in areas that you wouldn't condescend to... [MORE]
james
Feb 5, 2008 14:54
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Time to dust off the 30's depression era movies and see how people survived in that day. I guess I'll... [MORE]
Darkness on the Horizon
Jan 24, 2008 01:33
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I keep hearing the word over and over again but where is it.What recession .The 1930s was a recession .What... [MORE]
RodneyC
Jan 30, 2008 06:41
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People are moving from 300,000$ houses they can no longer afford and into tents and trailers. Manufacturing jobs ,or the remnants... [MORE]
David
Feb 8, 2008 19:47
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Bamboozler
Jan 17, 2008 12:08
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Good point! We run a business in Michigan and people practically beg us for a job. Yet, time and time... [MORE]
Kim
Jan 30, 2008 05:17
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I have been watching the stock market fall everyday and Gold Increase almost $300 oz since august of 2007. The... [MORE]
Nailer
Jan 15, 2008 09:17
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Sandra
Jan 22, 2008 23:27
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Is dead on, 100 % correct. This country is in deep troube, because we are no longer a manufacturing giant,... [MORE]
The harsh reality is that the forces allied against us both foreign and domestic are formi
Dec 12, 2007 20:15
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My family was in the machining business for four generations and I noticed after 1980 it was downhill. Everything we... [MORE]
Rocco
Dec 20, 2007 22:52
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I noticed it closer to 1985 or 1986. I was working horrendous hours during that time, trying to do 3... [MORE]
Bruce de la Vega
Jan 2, 2008 11:30
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We didn't have business and academic executives whining about supposed talent or labor shortages. Even before Pearl, we hired farm-hands... [MORE]
Bruce de la Vega
Jan 2, 2008 11:43
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Politicians want to give us rebates. .These rebates(gifts?) are to buy our votes.We would have more money to spend if... [MORE]
Jack L.Kinch (1uncle)
Jan 25, 2008 19:21
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IF we are ever to be free let us free ourselves of the Burdens of Oil. With any luck this... [MORE]
Nicolai
Dec 10, 2007 22:45
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if the rets of your existene is so morbid and negative wow!!!!!!!! and i really am referring to an... [MORE]
howard lamel
Dec 7, 2007 07:51
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running out beens to squeeze and repackage and running out of countries to send jobs to, the MBA (Move the... [MORE]
Alex Morfesis
Nov 16, 2007 00:47
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PRE-shocks vs AFTER-shocks. As the boomers start retiring and selling their 401Ks, the supply will far outweigh the demand. 80... [MORE]
PJM
Nov 14, 2007 09:48
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Jim Turner
Nov 14, 2007 09:38
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I appreciate your optimism. Just be careful, there's a lot of downside potential out there. With the Fed and Treasury... [MORE]
Alan Walters
Dec 2, 2007 06:49
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Thats what is wrong with this country, People care more about their party then they do about their country.