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To: Henry Volquardsen who wrote (41901)10/3/1999 3:50:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 116759
 
RE:"the technical definition of a recession is two consecutive quarters of negative GNP"
Yes, and the technical definition of a bear market is a 20% decline.
Trouble is that it's trailing indicator. <G>



To: Henry Volquardsen who wrote (41901)10/3/1999 4:04:00 PM
From: long-gone  Read Replies (2) | Respond to of 116759
 
<<the technical definition of a recession is two consecutive quarters of negative GNP.>>

I believe under Bush the "official definition" was revised to include one quarter flat with two negative. Please refer to the quote "Figures never lie, but liars do figure".



To: Henry Volquardsen who wrote (41901)10/3/1999 4:17:00 PM
From: Tunica Albuginea  Read Replies (1) | Respond to of 116759
 
Henry Volquardsen,Re: definition of recession ( 2 consecutive quarters of negative GNP per your post ).

However isn't it true also that 3 declines of Index of Economic indicators also defines that?
I could be wrong,

thanks

TA

Message #41901 from Henry Volquardsen at Oct 3 1999 2:35PM

the technical definition of a recession is two consecutive quarters of negative GNP.


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