Quote:
Originally Posted by URY914
Do you know the what the work "recession" means? It doesn't sound like it.
"A period of general economic decline; specifically, a decline in GDP for two or more consecutive quarters."
DECLINE is the key work here. We have a SLOWING economy not a DECLINING economy.
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Yep, we haven't posted a single quarter decline in GDP yet. No recession.
People have become so accustomed to a good economy, they think anything less than windfall profits is a recession.