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In reply to the discussion: UPDATE: Stocks tank as another recession warning surfaces [View all]DrToast
(6,414 posts)38. Nope.
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 wasnt a recession after the tech bubble burst in 2001. I think we can all agree that there was definitely a recession in 2001.
Im not trying to embarrass anyone. Its just a common misconception and I thought people would be interested in reading how recessions are actually dated.
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geniusNOT-#45, who will try every shortcut trick imaginable, may actually bully the
NCjack
Aug 2019
#7
Exactly. Volatility is the friend of the trader. Stability is his enemy.
Midnight Writer
Aug 2019
#34
That, along with a whole bunch of other issues/programs he's repealed because they were Obama's.
Frustratedlady
Aug 2019
#28
I bet Cheeto, his brood, and his accomplices have been selling short like there's no tomorrow
sandensea
Aug 2019
#25
That's just an arbitrarily made number. It's possible we're in a recession right now
ck4829
Aug 2019
#46
Markets don't like uncertainty - will there be tariffs, or no, or later, and on what?
bucolic_frolic
Aug 2019
#36
Don't worry,someone will be along soon to tell you how much it's gone up under Trump....
Bengus81
Aug 2019
#52