Recession or Depression?

Have you ever heard that saying, "When your friend losses their job, it's a recession.  When you lose your job, it's a depression".  I was scraping some ice today and my neighbor was outside scraping too.  He's never home at this time of the day.  I struck up a conversation and it turns out, he was canned after 8 years last week for "restructuring reasons" as his company "plans for an employee buyout of the owner".

Merry Christmas.  If you catch yourself using the argument that being an employee is less risky than being self employed...stifle it.