No one rings a bell and says today we are in a Depression. More so, as much as there are accepted ideas of what is an economic depression it is hard to find economists in agreement. One of the most accepted determinations by economists is based on unemployment. Some other determinations are restriction of credit, shrinking output & investment, rampant bankruptcies, reduced amounts of trade and commerce, as well as highly volatile relative currency value fluctuations, mostly devaluations. Price deflation or hyperinflation are also common elements of a depression.