The strange thing about liberals is that when they keep coming up with these new definitions of things (to fit with their politics), they actually expect us normal people to accept and go along with it. Very odd.
. What I realize is the standard definition of a recession (Shiskin), that I and thousands of other economics teachers have taught in universities all over America for 50 years.
Eco-stats dont factor in disparityIn 1974, economist Julius Shiskin came up with a few rules of thumb to define a recession:
take that top 1% out of them, and you'll find out what i mean
~S~