Define the term "Recession" as it relates to the US economy

[Fishhead24]

Thanks in advance

Not sure if this term is exactly clear to the masses.......and certainly not this neophite.

-FH-

[DcifrThs]

[ QUOTE ]
Thanks in advance

Not sure if this term is exactly clear to the masses.......and certainly not this neophite.

-FH-

[/ QUOTE ]

historically: two consecutive quarters of negative growth.

Barron

[En Passant]

I don't know, but it certainly sucks.

[ozyman]

A recession is when you lose your job, a depression is when I lose my job.

[Fishhead24]

[ QUOTE ]
[ QUOTE ]
Thanks in advance

Not sure if this term is exactly clear to the masses.......and certainly not this neophite.

-FH-

[/ QUOTE ]

historically: two consecutive quarters of negative growth.

Barron

[/ QUOTE ]

So there really isn't any clear definitive answer?

Thanks for the reply,
-FH-

[DcifrThs]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Thanks in advance

Not sure if this term is exactly clear to the masses.......and certainly not this neophite.

-FH-

[/ QUOTE ]

historically: two consecutive quarters of negative growth.

Barron

[/ QUOTE ]

So there really isn't any clear definitive answer?

Thanks for the reply,
-FH-

[/ QUOTE ]

i think that is as clear/definitive as possible given the question.

whats the difference between a depression & a recession? does that extra quarter or two make the difference?

why not 3 quarters of negative growth to signify recession?

or why not positive growth but incrases in unemployment?

the fed defines recession as 2 Qs of neg. growth just out of convention i think.

sorry we can't do any better,
Barron

[jively]

Here is a decent article. The 2Q of negative GDP is not official; there is an organization that officially announces a recession and a recovery, but they are generally about 6-12 months late. I think they may have announced the 2001 recession (which started in March) somewhere around December when it ended.

-Tom

[Fishhead24]

Thanks guys...........

[KDuff]

Yeah it's when the NBER says so.