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Politics : Formerly About Advanced Micro Devices

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To: Joe NYC who wrote (437821)	12/3/2008 2:34:08 PM
From: Tenchusatsu	Read Replies (1) of 1575175

Joe, > What I am skeptical about is people making up their definitions not to mention applying it after the fact. "Recession" has always been a retroactive label. A Merrill Lynch analyst cited NBER indicators last January and declared the same thing: that the recession started in December 2007: newsmax.com Only thing is that Merrill Lynch can jump the gun while NBER had to wait before making a conclusion. The positive GDP growth in Q1 and Q2 of this year was probably discounted as a temporary bump in a secular bear market. Tenchusatsu

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