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the great recession the great recession the great recession the second great depression a wild expansion in government and personal borrowing has fuelled credit growth in the period 1995 2005 setting many english speaking and other western economies for a serious downturn the great recession starting 2005 2010 wednesday march 11 2009 the great recession an eponymous post link above from the australian apparentlty the international monetary fund agrees this is the great recession posted by peter at 11 36 am 1 comments peter said a quote from today s the australian any wholesale retrenchment of beijing s us dollar reserves would lead to a run on the us dollar and send interest rates up in a greater economic disaster than the one the world is witnessing now and that is precisely what is going to happen and why these are still the good times 10 04 am post a comment home about me name peter location canberra act australia back in government recently relocated to canberra view my complete profile previous posts choo choo thin air sovereign the art of being wrong schiff was right the bailout ocean the stability of china inflation tsunami the weimar theory recession to depression