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He "hasn't" only because they (many economists and reporters) abandoned the de facto/practical definition which had been used in previous Recessions in favor of
by mc32 4y ago
He "hasn't" only because they (many economists and reporters) abandoned the de facto/practical definition which had been used in previous Recessions in favor of a more strict definition to define it away, or rather postpone the inevitable.
- mediumiqsad 4y ago
- astrange 4y agoIn previous recessions they’d be reporting about mass job losses, but instead we have the lowest unemployment in 50 years. They have been reporting about high gas prices, which people care a lot more about than GDP/GDI.