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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (30085)	12/5/2008 12:44:16 PM
From: TimF	1 Recommendation Read Replies (1) \| Respond to of 71588

Re: "1) Nothing official about it." Right. I know. (That's what I said all along....) No. You started with "It's official: Recession since Dec. '07" Message 25218389 and later said "The government (WH included...) mostly defaults to referring to N.B.E.R.'s official dating" Message 25225745 So its the exact opposite of what you've been saying all along --- The definitions I was able to glean, each increasing in rigorousness: a) significant decline in economic activity spread across the economy, lasting more than a few months. b) significant decline in economic activity spread across the economy, lasting a minimum of two consecutive quarters. c) a situation in which a country's (inflation-adjusted) real GDP shrinks for at least 2 consecutive quarters d) a decline in the Gross Domestic Product (real or nominal...) for two or more consecutive quarters. e) negative REAL GNP for two or more consecutive quarters f) negative NOMINAL GNP for two or more consecutive quarters. Notice they are all a declining economy. The total production of the economy is measured by GDP, so they all represent a declining GDP. They all say two negative quarters except the first one which says "more than a few months" (which would probably imply at least two negative quarters". The wording is different in each, but the basic standard is the same, with the exception of whether its real or nominal GDP that's being measured.