You are a liar. You're posting false information.
You told me to look it up but you won't go to the BEA and look it up yourself. If you would, you'd see you are in fact wrong. It's right there for any and all (anyone except you apparently) to see.
Here's the link to the BEA: bea.gov
You can post phony charts, old USA Today stories, and i can respond with Wikipedia entries, NBER entries, About.com, but why? If you were honest and sincere, why not go to the source? Look it up at the BEA. I did. I'm right. I know i'm right. Why won't you take your own advice and look it up?
useconomy.about.com
The National Bureau of Economic Research (NBER) is the official arbiter of economic expansions and contractions, or business cycles. The most recent recession lasted between March 2001 - November 2001. However, during that time period, GDP growth was negative for only one full quarter.
en.wikipedia.org
According to the National Bureau of Economic Research (NBER), which is the private, nonprofit, nonpartisan organization charged with determining economic recessions, the U.S. economy was in recession from March 2001 to November 2001, a period of eight months. However, economic conditions did not satisfy the common shorthand definition of recession, which is "a fall of a country's real gross domestic product in two or more successive quarters,"
nber.org
Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them. As an example, the last recession, in 2001, did not include two consecutive quarters of decline.
But screw this cut and paste nonsense. Look it up. Go to the source. Step up.
SD |
