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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,879
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The NBER definition of a recession is not "two consecutive quarters of negative GDP". See NBER website to learn more. http://www.nber.org/cycles.html
This has been pointed out in prior threads, but for some reason people don't get it. See for example this thread http://forums.pelicanparts.com/showthread.php?t=384382&highlight=recession+definition&page=3
Further, you are overlooking that 3Q08 GDP declined -0.3%.
Quote:
Originally Posted by legion
As far as I know, we haven't had a single quarter of negative GDP growth reported, let alone two.
Did the definition of a recession change?
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__________________
1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
Last edited by jyl; 12-01-2008 at 07:21 PM..
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