But with inflation relatively low and falling, caution may now be more about ensuring that there is not a depression.
There was no recession, certainly not a depression, unemployment did not soar.
But remember October 1987: a financial-market crash need not bring on a global depression.
Mr James does not predict a new depression (there are no fatuous forecasts here), but he denies that you need a global war to get one.
Not even a worldwide depression that permanently lowers global economic output and emissions to, say, 1970 levels, would stop CO2 concentrations from rising over the remainder of the century.
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"A key criticism is that they are not accessible to a group of people whose depression impairs their ability to concentrate and thus read books, " he said.
Contrary to stereotypes, depression is not a state that one can simply snap out of.
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The answer may not be to call it a depression, but something is needed to get the narrative beyond the obsession with tiny bits of growth or contraction every three months.
The result was that three-quarters of the treated group did not relapse into depression: a success rate twice as high as that of the 20 patients in the control group, who received a placebo regimen.
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As World War II began, after a decade of economic depression, the United States was not a rich country.
Not everyone gets clinical depression as a result of unemployment, but it's a concern, Lang said.
Depression is not only a source of terrible personal suffering but also a huge economic burden on society.
Their conclusions are that while depression is not necessarily a cause of the illness, there is a strong suggestion that it may help doctors predict which elderly people will develop heart disease.
The storm, a severe depression known as a "bomb", had not been forecast, said Mr Goss.
"She needs unconditional love and support, " Ms. Blumenthal writes, and even a subtle message that the family does not agree with her sexual orientation can be a factor in her depression.
Experts from across the political spectrum warned that if we did not act, we might face a second depression.
We're better off growing the economy than we are seeing it shrink at a pace not seen since the Great Depression.
In recent months, the investor has boldly stated that the residential construction industry is not in a recession, but rather a depression.
And it is not necessarily the case that a diagnosis of depression always implies some sort of drug therapy to treat it.
Not since the Depression have Australians rejected a first-term government.
So, not only is manufacturing not down as in usual cycles, it is up quite handsomely for many products, except of course for automobiles, which are not just in a recession but facing a depression.
The number of prescriptions for anti-depressants hit a record high of more than 31 million in England in 2006 - even though official guidance stresses they should not be a first line treatment for mild depression.
It is not unusual for there to be a lot of depression and suicides in the weeks and months after the tragedy.
"I would argue that what we are in at the moment is not a recession, but essentially some kind of depression and it therefore takes something very, very major to get out of it in the same way as it took something major for us to get into it, " he said.
That type of depression did not happen, but our polling finds strong evidence of another kind of depression: a loss of faith in the American Dream.
Many regard depression as a personality weakness and not a health condition.
FORBES: Against All Stereotypes: Stress, Depression, Recovery, and Then?
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