Quote:
Originally Posted by decksweeper
By definition, doesn't a recession only occur after two negative consecutive quarters of GDP? Which has not happened...
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that's the textbook definition.
do you believe in the published nominal GDP figures?
do you believe in the published CPI numbers?
after factoring in "true" inflation, real GDP is closer to negative than you think.
The first real evidence of contraction was last week's ISM report, which showed contraction.