What is Deprecession?
1.
A economic recessionary period teetering on a Depression.
The collapse of the banking system in the US along with a $1 trillion in credit card debt has launched Americans into a deprecession.
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2.
Not quite as bad as a full-blown depression, but worse than a recession. Current one started in 2008 with the implosion of the housing market.
Man, this deprecession is hell on my wallet. I had to wait in line to get a job at McDonald's!
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