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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Stop talking crazy. If you use "that" definition, then everyone would report that situation, if it ever happened, at the same time (i.e. once the numbers were reported). The way to make money in the new biz is to get the scoop, so you need to be a little creative.
If ML thinks 5% unemployment = a recession, and you're a news organization backing a "change" candidate (let's assume that for a second), then this is a perfect story to run on the eve of the the most important primary of the election. If you're not backing said candidate, you still get your scoop.
I don't think everything is perfect with the economy, but we're not in a recession.