Quote:
Originally Posted by ChrisFastM3
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....
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See that's the problem in the States, you bend the rules, 2 month negative is the rule for recession, Germany admited recession, England has admited recession and so on, know, what the States does is, lets just drag it out a little for around 6 months. Man, just say it, the sooner your say recession the quicker you can start trying to fix it.
That's why by the time the States admits its in recession it will a depression for you guy's!
Your Banks have been bailed out 6 times since 1987, but the fundalments are sound, s**t everybody in the States must be deaf then!
