On Wed, 2 Apr 2008 09:57:26 -0700 (PDT), "
wrote:

On Apr 1, 9:46 am, "Ed Huntress" Yet, as any economist knows, a
recession is two
consecutive quarters of negative growth, and we haven't even had one
single quarter of negative growth reported.

--
Ed Huntress

As I understand it, GDP did not decline in the fourth quarter of
2007. I could not find any hard data for the first quarter of 2008,
but even if the GDP did decline in the first quarter, a official
recession could not be declared until after the second quarter showed
a decline. So it will be at least July before one can say we are in a
recession. And the predictions I saw on the internet are for the GDP
growth to be small but positive.


So I did not understand what you were saying.

Dan
================
He means the water is pouring in through the holes at the other
end of the boat from where he is setting....


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).