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bloods vs crips
August 28th, 2009, 2:02 pm
If I hear one more person call "2 consecutive quarters of negative GDP" the text book recession definition, I'm gonna freak out.

It's no wonder so many people were incapable of accepting recession talks last summer.

Two consecutive quarters doesn't have anything to do with defining recessions. It's a byproduct of a recession and is a simple man's way of recognizing one, but it no way defines one.

tsout
August 28th, 2009, 3:57 pm
Prepare to freak out, Friend. You'll hear it again soon.

Cheers!

Tom

Bluesgtr44
August 28th, 2009, 4:02 pm
If I hear one more person call "2 consecutive quarters of negative GDP" the text book recession definition, I'm gonna freak out.

It's no wonder so many people were incapable of accepting recession talks last summer.

Two consecutive quarters doesn't have anything to do with defining recessions. It's a byproduct of a recession and is a simple man's way of recognizing one, but it no way defines one.

This is worth freaking out?!?! uhhhh......no.

bloods vs crips
August 28th, 2009, 4:12 pm
This is worth freaking out?!?! uhhhh......no.

no more and no less than any other misconception in media. And when the economy is the biggest inssue of the day it's only prudent to have a minimal concept of what the hell is going on.