we're in a recession

took them long enough to make it official.

 

that is indeed a revelation

 

It's amazing how long it takes for things to become ... "official".

 

 

[QUOTE]Originally posted by mingster
[B]we're in a recession

 

I always feel so much better when the gov't makes it "official".

 

I want that guy's job!! Get paid (probably well) to tell people what they already knew 2 months ago.... sheesh

 

you have to look at the definition of recession...not sure exactly how it's worded but technically to be in a recession you need to have a decline in the economy for so many straight months...once that happens tada....it's a recession

 

Yes we are in a recession

2 consecutive quarters of negative growth in the economy.

They just had to get all their paperwork straight

axcilla

 

i believe it was the national economics institute or something of that sort with academics running all over.