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.<\/p>\n
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.<\/p>\n
Take a swing over to Kudlow’s Money Politic$<\/a> and read Recession? What Recession?<\/a> for interesting take on today’s GDP number.<\/p>\n","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[20,7],"tags":[1363,27],"class_list":{"0":"post-67","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-money-and-investing","7":"category-politics","8":"tag-economy","9":"tag-recession","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-15","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":4669,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/09\/27\/gdp-collapse-shows-u-s-economy-in-danger-of-slipping-back-into-recession\/","url_meta":{"origin":67,"position":0},"title":"GDP Collapse Shows U.S. Economy in Danger of Slipping Back into Recession","author":"Jeff","date":"September 27, 2012","format":false,"excerpt":"Ouch, the government today released its final estimate of U.S. economic activity in the second quarter, and the news isn't good, GDP was revised downward to 1.3% from the initial estimate of 1.7%: The fragile state of the US's economic recovery was thrown into focus once more Thursday as the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3518,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/08\/25\/cnbc-economy-caught-in-depression-not-recession\/","url_meta":{"origin":67,"position":1},"title":"CNBC: Economy Caught in Depression, Not Recession","author":"Jeff","date":"August 25, 2010","format":false,"excerpt":"I be the first one to admit I'm a pessimist on the economy, but not even I'm this pessimistic: Positive gross domestic product readings and other mildly hopeful signs are masking an ugly truth: The US economy is in a 1930s-style Depression, Gluskin Sheff economist David Rosenberg said Tuesday. Writing\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":725,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/08\/100-economists-warn-that-barck-obamas-tax-proposals-could-throw-the-us-economy-into-recession\/","url_meta":{"origin":67,"position":2},"title":"100 Economists Warn That Barack Obama’s Tax Proposals Could Throw the US Economy into Recession","author":"Jeff","date":"October 8, 2008","format":false,"excerpt":"I've been debating whether to post this all day... Yes, it's from the McCain campaign but ultimately I think it would be foolish to dismiss the opinion of a group of experienced economists out of hand. Economists Statement On Barack Obama's Risky Economic Proposals 100 ECONOMISTS WARN THAT WITH CURRENT\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2895,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/29\/third-quarter-gdp-rises-to-3-5-but\/","url_meta":{"origin":67,"position":3},"title":"Third Quarter GDP Rises to 3.5%… But…","author":"Jeff","date":"October 29, 2009","format":false,"excerpt":"From Reuters: The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance. Signaling the end of the worst recession in 70 years, the Commerce Department on Thursday said\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":732,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/09\/bleak-outlook-economists-see-three-straight-quarters-of-economic-contraction\/","url_meta":{"origin":67,"position":4},"title":"Bleak Outlook: Economists See Three Straight Quarters of Economic Contraction","author":"Jeff","date":"October 9, 2008","format":false,"excerpt":"From the Wall Street Journal: The U.S. economy has sunk into a recession and government action is critical to stem the damage, according to economists in the latest Wall Street Journal forecasting survey. On average, the 52 economists surveyed now expect gross domestic product to contract in the third and\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1594,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/28\/larry-kudlow-obama-declares-war-on-investors-entrepreneurs-businesses-and-more\/","url_meta":{"origin":67,"position":5},"title":"Larry Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses, And More","author":"Jeff","date":"February 28, 2009","format":false,"excerpt":"In hard hitting piece post yesterday on CNBC.com veteran economist Larry Kudow takes President Barack Obama to task over his economic policies: Let me be very clear on the economics of President Obama\u2019s State of the Union speech and his budget. He is declaring war on investors, entrepreneurs, small businesses,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/67","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=67"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/67\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=67"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=67"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}