Credit froze, taking us to the precipice of a global depression.

If it was the only serious problem then it would be overcome with little more than a decade or two of global depression.

The 1930s were the years of a global depression affecting all industries including the music industry.

Either of these "solutions" could be enough to tip the balance into a global depression, thus bringing on exactly what we are trying to avoid.

These actions prevented the world from entering into a global depression.

Economists agree that the global depression has become more or less permanent.

This sort of financial crisis results in a global depression.

However a change of government and the global depression began to take hold in 2009.

We are in a global depression and there are no easy fixes.