It seems America is fighting over the technical definition of “recession”. As we noted earlier, a preliminary report of a tiny growth in the GDP technically means we’re not in a recession, there’s a darn good reason to say “forget the technicalities.
Paul Krugman makes a very pertinent point today in his blog: the technical definition of recession doesn’t really matter to Americans. What really matters is not how the economy is labeled, but whether or not Americans can fill their cars with gas, put food on the table, buy clothes for their kids, pay their [...]
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.