Why even have definitions, if people can call things whatever they want?

March 6th, 2008

Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn’t met the technical definition of one yet.

At the risk of correcting the richest man on the planet––if it doesn’t meet the definition of a recession, buy viagra viagra it’s not a recession…that’s sort of the point of having definitions.

Entry Filed under: Observations

1 Comment Add your own

  • 1. Tracy Coyle  |  March 6th, 2008 at 10:55 am

    Given that recessions are usually called long after they start (6-10 months, saying we are in a recession now may simply be acknowledging the fact that in 6 months, economists will ‘officially’ state the economy entered recession in the first quarter.

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