tag:blogger.com,1999:blog-5713178645208582139.post1581671700414616740..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: No Recession in 2008?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-67806176662244908962008-06-16T14:28:00.000-05:002008-06-16T14:28:00.000-05:00I googled recession in 2008 and found your blog. ...I googled recession in 2008 and found your blog. I must pose a question... maybe you could help. Isn't it a possibility that we need to redefine the term "recession" because we have moved to a more global economy & our GDP no longer fully reflects the true economic pressures felt by the citizens of the US? And if a redefinition is necessary, how should we define "recession"????Wackysmilehttps://www.blogger.com/profile/16379760717510408898noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-59574141631513118392008-05-06T16:33:00.000-05:002008-05-06T16:33:00.000-05:00David,Your CNN article is better than most. But, i...David,<BR/><BR/>Your CNN article is better than most. But, it misses the obvious regarding GDP data.<BR/><BR/>Quoting an excerpt from my own blog:<BR/><BR/><I>"Many in the media have noted that the recession of 2001 (<A HREF="http://www.nber.org/cycles/cyclesmain.html" REL="nofollow">03/01 to 11/01</A>) was the only recession ever which <A HREF="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/SBVORhttps://www.blogger.com/profile/02393495680438358951noreply@blogger.com