Toro
Diamond Member
well, its hard to keep up with the changing definitions these daysThere is only one definition of recession...
Yes there is. And you keep getting it wrong.
Repeating it over and over and over again doesn't make it true.
last i knew it was 2 qts of consecutive decline
and it had been that way since the eary 70's
i guess they'll have to change the definition again for Obama
The NBER has defined it this way for decades. It has nothing to do with politics.
I understand that people think its two consecutive quarters. I used to think that as well. But it is not.