The U.S. has been flashing red regarding recession for some time despite the naysayers.First, let me define recession because you usually hear that it’s two consecutive quarters of a decline in real GDP. Not exactly. The National Bureau of Economic Research (NBER), the official arbiter of recessions says:
The NBER does not define a [...]
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US Recession Signals
Posted by Edward Harrison in Friday, May 16th 2008
16
May
May
Category: Economy Tags: consumerism, economic depression, jobs, manufacturing, production, saving and investment, wages
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