are we headed for a depression, page-9

I think its a recession that lasts several years as per GDP

2009 -8% growth
2010 -5% growth
2011 -17% growth
2012 -3% growth
2013 -1.5% growth
2014 -0.5% growth
2015 +1% growth

or similar to that.

next three-four years are going to be very socially tough...then we adjust, become more cautious and widen up and move on up and onwards again untill we devise the next financial crises.