Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (181841)	1/29/2004 12:31:16 AM
From: DavesM	of 1575039

Jim, I don't believe that recessions are defined by two quarters of negative GDP growth anymore. If it were, the Recession would have an "Official Start Date" of January 1, 2001; not March 2001. :o) Here's an interesting remark from the group that is responsible for the "Official" March, 2001 date; marking the beginning of the recession. From the NBER's website (FAQs): "Question: Is the NBER committee considering re-dating the beginning of the recession, based on the revised GDP data which seem to indicate that the peak of the last cycle was reached before your current date? Has the committee ever before changed a cycle date based on new information?" "Answer: In the past, the NBER has made some small changes to cycle dates, most recently in 1975.... The committee would change the date of a recent peak or trough if it concluded that the date it had chosen was incorrect. However, the committee believes that consideration of revising the date of the peak should wait until the results of the major rebenchmarking of the GDP estimates currently being undertaken by the Bureau of Economic Analysis are announced in December 2003."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next