Hacker News
- Wikipedia takes cue from White House and re-defines “recession” https://unherd.com/thepost/wikipedia-takes-cue-from-white-house-and-re-defines-recession/ 5 comments
- Harvard as of 2019 referred to recession as: ‘A recession is formally defined as two quarters of negative GDP growth’. Why suddenly has this defenition changed? And why do so many NPC’s not realise there has been a recent change to the defenition? https://online.hbs.edu/blog/post/how-to-prepare-for-a-recession 39 comments cryptocurrency
- It's likely that the U.S. economy will never be in a recession again. If we no longer have an objective standard to define one, government will always be able to find some excuse to claim the economy isn't in one. Ironically, we're not in a recession now. We're in a depression. https://twitter.com/peterschiff/status/1553047224057208835?s=21&t=erwpBXiX5eXwpy836rEJ_w 6 comments economy
- This massive drop in retail sales and fourth quarter industrial production easily exceeds the “10% Rule” for defining the difference between a recession and a depression. So we are in a depression. http://meltdown2011.wordpress.com/2009/01/17/stats-say-yes-its-a-depression/ 17 comments business