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Old 12-03-2008   #6
hellomynameis
 
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Re: Recession: Only took them a year to admit it.

If you could call it a recession the day it starts, kudos to you. The NBER uses several indicators to judge the start date of a recession. It's not as simple as saying there was a decline in real GDP for one, or even two quarters. A good place to start your research: NBER Recession FAQ
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