Recession?

Can we put an end to the recession talk at least for now? The last time I checked a recession was defined as two or more consecutive quarters of negative growth. So far we haven’t had a single quarter of negative growth so all this talk of a recession is, well, premature.

Make no mistake the economy is tough shape what with the struggling housing market, credit crunch, high oil prices and week dollar. But we’re not in a recession.

Take a swing over to Kudlow’s Money Politic$ and read Recession? What Recession? for interesting take on today’s GDP number.