{"id":18137,"date":"2021-05-13T07:50:33","date_gmt":"2021-05-13T14:50:33","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18137"},"modified":"2021-05-13T07:50:33","modified_gmt":"2021-05-13T14:50:33","slug":"overnight-news-whats-the-difference-between-a-recession-and-a-depression-youre-about-to-find-out","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18137\/overnight-news-whats-the-difference-between-a-recession-and-a-depression-youre-about-to-find-out\/","title":{"rendered":"Overnight News: What\u2019s the difference between a recession and a depression? You\u2019re about to find\u00a0out&#8230;"},"content":{"rendered":"<p><div id=\"attachment_16586\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-16586\" class=\"size-medium wp-image-16586\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg\" alt=\"Ya think it's easy?\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg 300w, https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage.jpg 320w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-16586\" class=\"wp-caption-text\">\u201cEvery dog is a garbage-eater first: It&#8217;s how we won our place in your homes. You blanch at the thought, but it&#8217;s a skill that can come in handy at any\u00a0moment.\u201d<\/p><\/div>Well. Who didn&#8217;t see this coming?<\/p>\n<p>The worst inflation news: Inflationary projections correctly anticipate the consequences of more dollars chasing a static quantity of goods \u2013 but what happens when productivity <em>also<\/em> falls?<\/p>\n<p>That would be the practical distinction between a recession and a depression.<\/p>\n<p>Too pedantic? You&#8217;ll know better than me, very soon.<\/p>\n<p><strong><em>In other news:<\/em><\/strong><\/p>\n<p><strong>Housing Wire:<\/strong> <a href=\"https:\/\/www.housingwire.com\/articles\/mortgage-rates-manage-another-dip-to-2-94\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mortgage rates manage another dip to 2.94%.<\/a><\/p>\n<p><strong>Housing Wire:<\/strong> <a href=\"https:\/\/www.housingwire.com\/articles\/south-poised-to-see-1-trillion-in-home-sales-in-2021\/\" target=\"_blank\" rel=\"noopener noreferrer\">South poised to see $1 trillion in home sales in 2021.<\/a><\/p>\n<p><strong>Andy Puzder:<\/strong> <a href=\"https:\/\/www.foxbusiness.com\/markets\/covid-biden-democrats-job-market\" target=\"_blank\" rel=\"noopener noreferrer\">Post-COVID, no action from Biden, Dems was required for job market to soar. Now look at the mess they\u2019ve made.<\/a><\/p>\n<p><strong>Katie Pavlich:<\/strong> <a href=\"https:\/\/townhall.com\/tipsheet\/katiepavlich\/2021\/05\/12\/breaking-us-inflation-soars-n2589310\" target=\"_blank\" rel=\"noopener noreferrer\">BREAKING: U.S. Inflation Soars.<\/a><\/p>\n<p><strong>The New York Post:<\/strong> <a href=\"https:\/\/nypost.com\/2021\/05\/12\/from-inflation-to-jobs-to-the-border-biden-is-flailing-when-will-the-media-notice\/\" target=\"_blank\" rel=\"noopener noreferrer\">From inflation to jobs to the border, Biden is flailing \u2014 when will the media notice?<\/a><\/p>\n<p><strong>Victor Davis Hanson:<\/strong> <a href=\"https:\/\/amgreatness.com\/2021\/05\/12\/biden-mocks-ancient-wisdom\/\" target=\"_blank\" rel=\"noopener noreferrer\">Biden Mocks Ancient Wisdom: When an arrogant present dismisses the wisdom of the past, then an all too predictable future becomes terrifying.<\/a><\/p>\n<p><strong>Don Feder:<\/strong> <a href=\"https:\/\/www.frontpagemag.com\/fpm\/2021\/05\/lefts-war-procreation-don-feder\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Left\u2019s War on Procreation.<\/a><\/p>\n<p><strong>Karol Markowicz:<\/strong> <a href=\"https:\/\/nypost.com\/2021\/05\/10\/kids-will-pay-a-steep-price-for-this-war-on-merit-in-schools\/\" target=\"_blank\" rel=\"noopener noreferrer\">Kids will pay a steep price for this War on Merit in schools.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cEvery dog is a garbage-eater first: It&#8217;s how we won our place in your homes. You blanch at the thought, but it&#8217;s a skill that can come in handy at any\u00a0moment.\u201dWell. Who didn&#8217;t see this coming? The worst inflation news: Inflationary projections correctly anticipate the consequences of more dollars chasing a static quantity of goods [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18137","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17038,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17038\/overnight-news-redfin-why-isnt-this-historic-sellers-market-holding-back-buyers-ctrl-f-riot-not-found\/","url_meta":{"origin":18137,"position":0},"title":"Overnight News: Redfin: \u201cWhy isn\u2019t this historic seller\u2019s market holding back buyers?\u201d CTRL-F \u2018riot\u2019; not found.","author":"Greg Swann","date":"September 17, 2020","format":false,"excerpt":"Housing Wire: Fed says expect low rates through 2023. Much better crystal ball than the one we have... Forbes: Will The Latest Stimulus Proposal Stop A Potential Housing Crisis In 2021? Redfin: Home Prices Rose 11% in August\u2014Biggest Gain in Over 6 Years. Housing Wire: More young adults live at\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":18072,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18072\/overnight-news-why-corporate-america-cant-break-its-wokaine-addiction\/","url_meta":{"origin":18137,"position":1},"title":"Overnight News: Why corporate America can\u2019t break its wokaine addiction.","author":"Greg Swann","date":"April 24, 2021","format":false,"excerpt":"What's a CEO to do when he discovers that everyone he has hired since 9\/11 is a Marxist fifth-columnist? It's a funny question, but I confess I do not know the answer. The actual choice before C-suites, Boards of Directors and shareholders is this: Either destroy your business \u2013 \"get\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17308\/overnight-news-baby-killers-riot-enablers-and-vehement-haters-of-hatred-lecture-captive-audience-of-one-on-morality\/","url_meta":{"origin":18137,"position":2},"title":"Overnight News: Baby-killers, riot-enablers and vehement haters-of-hatred lecture captive audience of one on\u00a0morality.","author":"Greg Swann","date":"October 13, 2020","format":false,"excerpt":"The worst part about yesterday's SCOTUS hearings? They'll get worse... The news: Housing Wire: The forbearance crash bros spoke too soon. CNBC: Disney says its \u2018primary focus\u2019 for entertainment is streaming \u2014 announces a major reorg. Bye, bye, cinemas. Bye, bye, malls. All of this was already in motion. The\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14382,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/14382\/what-does-it-mean-that-the-nar-wont-defend-itself-from-the-charge-that-it-was-the-sine-qua-non-cause-of-the-great-recession\/","url_meta":{"origin":18137,"position":3},"title":"What does it mean that the NAR won&#8217;t defend itself from the charge that it was the sine qua non cause of the Great Recession?","author":"Greg Swann","date":"April 1, 2011","format":false,"excerpt":"I threw down the gauntlet -- and not for the first time:It was the NAR that lobbied for each law and rule change that resulted in the housing boom, the sub-prime lending catastrophe, the wanton bundling of fraudulent loans, the on-going subsidization of the secondary mortgage market, etc. The villain\u2026","rel":"","context":"In &quot;Disintermediation&quot;","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17427,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17427\/overnight-news-q-what-did-marxists-use-to-light-their-homes-before-candles-a-electricity\/","url_meta":{"origin":18137,"position":4},"title":"Overnight News: Q: What did Marxists use to light their homes before candles? A:\u00a0Electricity.","author":"Greg Swann","date":"November 3, 2020","format":false,"excerpt":"The country that set the standard for human liberty for centuries has the opportunity to vote itself into slavery today. This is just amazing to me, and, even though I know we'll survive this scrape with hell's torments, we are very far from being safe. We are Ants, and we\u2026","rel":"","context":"In &quot;Group Therapy&quot;","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17025,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17025\/overnight-news-yo-incipient-hermits-who-craves-a-mile-high-skyscraper\/","url_meta":{"origin":18137,"position":5},"title":"Overnight News: \u201cYo, incipient hermits! Who craves a mile-high skyscraper?\u201d","author":"Greg Swann","date":"September 16, 2020","format":false,"excerpt":"Big Think: Is it possible to build a mile-high skyscraper? Housing Wire: Bought right out of a job? When one OpenDoor closes... Opendoor announces merger with Social Capital Hedosophia Holdings Corp. in bid to go public. Forbes: Opendoor\u2019s Cofounder Talks Covid, Growth, And The Quest For Profits As The Company\u2026","rel":"","context":"In &quot;Flourishing&quot;","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18137"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18137\/revisions"}],"predecessor-version":[{"id":18138,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18137\/revisions\/18138"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}