Quote:
Originally Posted by PBzeer
Well, Rick should be a happy camper today, we finally had a quarter of negative growth. Now he's halfway to an official recession.
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John, I maintain we entered recession in 4th quarter 2007, and have been in one ever since. The BLS has revised growth downward twice this year for those quarters. Now that the election is over, I think they will revise them the rest of the way.
Food for thought is this primer, which will take about 5 minutes of your time. It covers the relationship between CPI and GDP and why the numbers BLS publishes are wrong and quantifies my insistance that we have been in recession.
Crash Course Chapter 16: Fuzzy Numbers | Chris Martenson
It's a solid presentation that I stumbled across tonight while searching for something else (isn't that always the way) and it states my case much better than I do..