rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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Insisting upon the precise definition of recession will be an even more fraught task in light of the unequivocal deterioration in economic activity reflected in today's 0.9% contraction in Q2 real GDP. Yet real consumer spending continued to forge ahead and the job market still has legs. It is too early to call the end of this expansion, but the hour is fast approaching." – Tim Quinlan, senior economist at Wells Fargo Securities