“That’s a backward-looking yardstick - in other words, the recession has to be six months old before anyone officially admits it is happening. ;)”
That was his point, it’s a little premature to say we’re in one wouldn’t you say? We may end up having a quarter of negative growth at 3/31, but then positive by 6/30...who knows?
Besides with the MSM cheerleading and political grandstanding going on, it’s a snowball effect on people’s minds.
All in all, I suppose it’s a safe thing to say on McCain’s part...no one will remember when you predict rain and the sun comes out. It’s the other way around that gets weathermen fired.
BINGO!