Adam Buckland wrote: > It's official: U.S. is in recession > > Economy began shrinking in December 2007, panel declares
Hi Adam! Interesting that the date of the article is Dec. 1, 2008. They wait a year to admit it, because when they do it gets much worse? "A common definition of a recession is a period when the nation's gross domestic product shrinks for two consecutive quarters, but the committee noted that GDP figures have been erratic this time around. GDP fell in the final quarter of 2007 but then rose in the first half of 2008 before falling again in the third quarter of this year. Nevertheless the committee found that other key figures — including personal income, industrial production and wholesale sales -- all peaked between November 2007 and June 2008." In other words, the signs were confusing. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
