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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (134533)3/13/2001 8:03:59 PM
From: combjelly  Read Replies (1) | Respond to of 1589431
 
"Such slight negative growth doesn't mean that you can't have low unemployment or even that there cannot be monthly job increases."

Ok, but do you know of any time in the past when there was a recession and low unemployment? It is interesting, the Fed was concerned about inflation of which there was almost no sign of. They increased the discount rate at a very fast clip and that caused business to slow. But the unemployment rate hardly changed. Whatever is going on in the economy, it is not a classical case.



To: TimF who wrote (134533)3/13/2001 9:15:38 PM
From: tejek  Respond to of 1589431
 
If it does turn out to have grown then we are not in a recession. Recessions by the way they are defined and by the delay in economic statisics are a funny beast, you know you where in one after it is over...

Tim,

Not if it has any longevity.

ted