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Recession is one of those words like Abortion where everybody has their own definition. The US officially [1] goes by what NBER says and NBER doesn't call rece
by lesuorac 4y ago
Recession is one of those words like Abortion where everybody has their own definition.
The US officially [1] goes by what NBER says and NBER doesn't call recessions/etc until several quarters after it starts. So any talk right now is speculation and you may speculate correctly but you might not.
[1]: https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession
- adamrezich 4y agoI didn't realize the definition of "abortion" was up for debate, I thought merely the parameters defining when it should or shouldn't be allowed were.