Still No Recession...

Just don't tell anyone...

Most people think we are in a
recession

The doom-and-gloomers out there would have us believe that we are in a recession.

This remains factually incorrect.

With a growth in this most recent quarter, Q12008, of 0.6 %, it's obvious that the economy is not booming, however, it is not shrinking either.

The classical definition of a recession:

If there are two consecutive quarters of decline in economic activity as measured by a decrease in GDP, the economy is said to be in a recession.

Why is it, I wonder that pundits argue that we are in a recession? Are they responding to the fact that most people now believe we are in a recession? Or are the politicians playing to a crowd?