"Perhaps that suggests that we need to redefine what we mean by "Recession", which officially is two consecutive quarters of economic contractions." For the 10

"Perhaps that suggests that we need to redefine what we mean by "Recession", which officially is two consecutive quarters of economic contractions." For the 10%, or 20% (however it's counted), they are experiencing two or more quarters of economic contractions. The two economies of corporate profits and individual well being are disconnected.