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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Softechie who wrote (34655)2/28/2002 5:21:05 PM
From: Psycho-Social  Read Replies (2) of 99280
 
Re Softechie: "We haven't reached the bottom of recession...GDP revised to 1.4%; claims 378K."
What definitioin of Recession are you using? Using the traditional definition, there was no Recession, and we only had one quarter of economic contraction. What made this contraction so hard on business was that we came down from a +8.3% rate of growth to -1.3% rate of contraction over just 7 quarters. We're in expansion mode now.
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