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Reply #21: Says Julius Shiskin and NBER [View All]

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anigbrowl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-21-09 02:32 PM
Response to Reply #10
21. Says Julius Shiskin and NBER
My searching the internet reveals that there are no hard and fast 'rules' as to what constitutes an official 'recession' or 'recovery'.

Your searching of the internet can't have been very thorough then, because the '2 quarters of GDP shrinkage' has been the normal yardstick for many years now and is what most economists and business people use to gauge the health of the economy.
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  -This "double dip recession" meme needs killing. Robb  Nov-21-09 08:07 AM   #0 
  - Call it the Bush Depression  ixion   Nov-21-09 08:09 AM   #1 
  - the first bump  mdmc   Nov-21-09 08:10 AM   #2 
  - I wish Obama had not used that phase. I do hear it a lot the last few days.  fishcreek   Nov-21-09 08:15 AM   #3 
  - Welcome to DU. n/t  Laelth   Nov-21-09 09:23 AM   #12 
  - The First Recession Started On Bush*'s Watch  DemocratSinceBirth   Nov-21-09 08:19 AM   #4 
  - I've only heard that phrase from the President's own mouth  Bluenorthwest   Nov-21-09 08:33 AM   #5 
  - it's also (and better) known as a "W" recession  NightWatcher   Nov-21-09 08:37 AM   #6 
  - This idea I like! nt  Robb   Nov-21-09 08:52 AM   #9 
  - Perfect. It should only be referred to as the "W" Recession.  tekisui   Nov-21-09 02:24 PM   #19 
  - The 'Dead Cat Bounce'?  tekisui   Nov-21-09 08:41 AM   #7 
  - It's a recession only if GDP is negative for two consecutive months  jpak   Nov-21-09 08:46 AM   #8 
  - Bull Hockey  earthside   Nov-21-09 09:12 AM   #10 
  - Yes - and spreading DOOM and GLOOM will bolster consumer confidence  jpak   Nov-21-09 09:14 AM   #11 
  - What next  Robb   Nov-21-09 09:54 AM   #13 
  - George H. W. Bush  earthside   Nov-21-09 10:00 AM   #16 
  - Says Julius Shiskin and NBER  anigbrowl   Nov-21-09 02:32 PM   #21 
  - Not quite  Robb   Nov-21-09 09:57 AM   #14 
  - two consecutive quarters, not two months. But otherwise, yeah.  anigbrowl   Nov-21-09 02:33 PM   #22 
  - I call it the "Let's put a band aid on Wall Street's booboo" recession.  Stinky The Clown   Nov-21-09 10:00 AM   #15 
  - It's hardly a double dip  notesdev   Nov-21-09 10:58 AM   #17 
     - My point exactly. nt  Robb   Nov-21-09 11:15 AM   #18 
     - +1 because the "recovery" is based on "trickle down" instead of "trickle UP" economics.  ddeclue   Nov-21-09 02:25 PM   #20 
 

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