Originally Posted by
Tini
Except that simply isn’t true. I specifically remember having this discussion in undergrad (finance) in 1994 and again in grad school (MBA at at top 15 school) in 2015. There has never been an agreed upon definition of a recession by the NBER regardless of what partisan politics you attempt to interject.
Academic elites, enough said. They can literally argue any side of any topic.
Just look up the definition of recession or to recede. Then it will make total common sense why it’s never been argued amongst the populace that two consecutive quarters of negative (-) GDP is a recession. Because it can’t be said the economy has receded unless it happens at least twice in a row.
Why is this even a big dea now?