July 31, 2009

ECONOMISTS VS ECONOMICS:

Revised Data Soften View of '01 Slump (SUDEEP REDDY , 8/01/09, WSJ)

Data for the 2001 recession had shown that the nation's gross domestic product declined 0.2% from the fourth quarter of 2000 to the third quarter of 2001. On Friday, the government said GDP actually grew 0.1% during the recession.

In other words, it wasn't a recession any more than '91 was.

Posted by Orrin Judd at July 31, 2009 8:39 PM
blog comments powered by Disqus
« IF YOU'RE GOING TO BE THE OTHER REPUBLICAN PARTY...: | Main | IF THE UR WERE ANY MORE MIDDLE OF THE ROAD HE'D HAVE A JERSEY BARRIER FOR A SPINE...: »