As soon as everyone is convinced we are going to die, things will start to get better. We have a ways to go yet.
It takes two negative growth quarters to make a recession. That would mean at least the middle of the third quarter 2008 before one could be official (1st and 2nd quarter '08).
If one quarter is negative and the next is not, no recession. Japan has been pullling off that stunt for a decade with no growth. Just no official recession.
Hmmmmmm. How to make a buck off this sentiment?
yitbos