Quote:
Originally Posted by watrob
"We are only a few months away from a global recession. Don't forget that."
You are in a recession now, don't worry about in two months time, by then it will be a depression!
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NBER would define a recession as a significant decline in economic activity that spreads across the economy and that lasts more than a few months. Normally they go with a 6 month rule. It's been 2-3 months....
History has taught us that recessions can last for those "few months" or up to about two years.
EDIT: Sorry for going a little off topic....