Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DrToast

(6,414 posts)
38. Nope.
Wed Aug 14, 2019, 03:39 PM
Aug 2019

You said 2 quarters of negative GDP is required to call a recession. That is flat out false.

The BEA is the official recession dater in the United States. As indicated in my previous link, you do not need two consecutive quarters of negative GDP in order for their to be a recession.

By the “two quarters” standard, there wasn’t a recession after the tech bubble burst in 2001. I think we can all agree that there was definitely a recession in 2001.

I’m not trying to embarrass anyone. It’s just a common misconception and I thought people would be interested in reading how recessions are actually dated.

Economic BOOM! bucolic_frolic Aug 2019 #1
Yup - just added the Marketwatch analysis as well... BumRushDaShow Aug 2019 #2
BURST ck4829 Aug 2019 #49
Welcome to the Trump Slump/GOP Recession RAB910 Aug 2019 #3
Trump doubles down: 'Trade wars are good, and easy to win' Botany Aug 2019 #4
Your reference to the Corn numbers Wellstone ruled Aug 2019 #27
Maybe it's happening sooner than they expected IronLionZion Aug 2019 #5
I wonder if Trump is crashing the economy on Putin's orders? Botany Aug 2019 #6
A reasonable assumption dalton99a Aug 2019 #10
That's not all the way "out there" ck4829 Aug 2019 #48
geniusNOT-#45, who will try every shortcut trick imaginable, may actually bully the NCjack Aug 2019 #7
Some countries have already gone negative blue-wave Aug 2019 #35
Unclear. AtheistCrusader Aug 2019 #9
He's doubled down on culture wars IronLionZion Aug 2019 #11
ASSUREDLY, 100% Cosmocat Aug 2019 #16
It is ck4829 Aug 2019 #50
Good time to be a day trader. Yavin4 Aug 2019 #8
YEPPERS! maddogesq Aug 2019 #12
I am still contributing to my IRAs Cosmocat Aug 2019 #17
Exactly. Volatility is the friend of the trader. Stability is his enemy. Midnight Writer Aug 2019 #34
This is why I have been in gold for the past year Joe Nation Aug 2019 #13
Looks like a Democrat will be required to pick up the pieces... DrToast Aug 2019 #14
That, along with a whole bunch of other issues/programs he's repealed because they were Obama's. Frustratedlady Aug 2019 #28
You know it ck4829 Aug 2019 #47
Geez, they say it won't happen for another Iliyah Aug 2019 #15
This has the potential to be worse than the Great Recession NickB79 Aug 2019 #18
It does feel "recession"-y... mwooldri Aug 2019 #19
That's good to hear about your job . . Iliyah Aug 2019 #21
18-24 months will put the recession after the 2020 election Fiendish Thingy Aug 2019 #20
"2quarters of negative GDP" DrToast Aug 2019 #22
From the OED: Fiendish Thingy Aug 2019 #32
Nope. DrToast Aug 2019 #38
Well, I guess you know better than the OED Fiendish Thingy Aug 2019 #40
It's not that I know better than OED DrToast Aug 2019 #41
Thom Hartmann warned about this yesterday yaesu Aug 2019 #23
Thom Hartmann wrote a book forecasting a crash in 2016. Sneederbunk Aug 2019 #30
im scared...i lost everything in the last one :( TalenaGor Aug 2019 #24
I bet Cheeto, his brood, and his accomplices have been selling short like there's no tomorrow sandensea Aug 2019 #25
When the Dow reaches the UNDER 20,000 mark....it's a RECESSION... ProudMNDemocrat Aug 2019 #26
That's just an arbitrarily made number. It's possible we're in a recession right now ck4829 Aug 2019 #46
But now we're here. ck4829 Mar 2020 #53
Contact with Martians destroying capitalism in just a few days yaesu Aug 2019 #29
My 401k hasn't looked so bad since the Great Recession. SunSeeker Aug 2019 #31
You must have a terrible 401k onenote Aug 2019 #42
Fire whoever you have your 401k with. former9thward Aug 2019 #51
I don't have the stomach for the stock market anymore. MontanaMama Aug 2019 #33
Markets don't like uncertainty - will there be tariffs, or no, or later, and on what? bucolic_frolic Aug 2019 #36
Right. And with such a volatile Whiny Donny question everything Aug 2019 #37
Yep ck4829 Aug 2019 #45
Trump supporters should invest everything in steel and coal stocks IronLionZion Aug 2019 #39
Ouch ck4829 Aug 2019 #44
K&R ck4829 Aug 2019 #43
Don't worry,someone will be along soon to tell you how much it's gone up under Trump.... Bengus81 Aug 2019 #52
Latest Discussions»Latest Breaking News»UPDATE: Stocks tank as an...»Reply #38