Why even have definitions, if people can call things whatever they want?
March 6th, 2008
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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