Posted on 09/15/2009 9:54:47 AM PDT by fiscon1
Economists seem to be using new math to guage the start and end of this recession. When I learned economics in high school, I was taught that a recession was any period in which there were two quarters of negative growth in gross domestic product. That's why I had trouble understanding why economists everywhere began, at the end of 2008, to say that this current recession began at the end of 2007. At the end of 2007, the economy was still growing. Now, the roots of the recession certainly started there but the technical definition is nothing like what these economists were using to define the beginning of the recession.
(Excerpt) Read more at theeprovocateur.blogspot.com ...
The recession is over?....
It’s just getting started....
His ignorance of who/what/how/why defines/declares recessions is part of the problem here.
That could go down in history right next to “Peace in our time”.
as long as we have the Human Teleprompter as the head idiot, the recession will never be over.
Or "Mission Accomplished."
Who are they kidding?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.