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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (403193)	7/31/2008 1:55:21 PM
From: Tenchusatsu	Read Replies (1) of 1575173

Chris, CLASSIC line from the article: > The popular definition of a recession -- two consecutive quarters during which the economy shrinks -- isn't always fulfilled. > ``While everyone focuses on GDP, keep in mind that it is not the only barometer of economic activity,'' David Rosenberg, chief North American economist at Merrill Lynch & Co. in New York, said in a July 28 note to clients. Growth ``is subject to huge historical revisions.'' LOL, in other words, you have to revise history to define a "recession" these days ... Tenchusatsu

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