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

To: tejek who wrote (437493)	12/3/2008 12:31:03 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1575604

Ted, According to the National Bureau of Economic Research (NBER), the U.S. economy officially entered a recession in December of 2007. According to most analysts, recession = 2 or more consecutive quarters of negative growth. What is National Bureau of Economic Research, and what are their criteria? bea.gov

To: tejek who wrote (437493)	12/3/2008 8:35:46 PM
From: TimF	Respond to of 1575604

Not officially. The official definition is two quarter of negative GDP growth. NBER uses a different definition. Which definition is better can be argued, but even if we have "really entered in to a recession", we haven't "officially entered in to a recession". Not that I have any doubt that we will, and if the next quarter of GDP growth is negative (and I anticipate it will be) than the recession will have already started, is just isn't official yet (and after it is, it wouldn't officially be from 12/07)