Symptoms of a Recession

For years, I’ve defined recession as a financial condition causing stress-related indigestion, sensation of lightheadedness at the gas pump/Wal-Mart, and a recurrence of aberrant thoughts, such as: “Hmmm, generic Peanut Butter isn’t so bad.”

Turns out, these aren’t symptoms of a recession at all.

ETSU economist Steb Hipple told the Times-News that technically, the nation is not in a recession, which is defined as two quarters of decline in real gross domestic product (GDP).

“Yet real GDP has not declined and has actually shown modest growth over the past six months. But the labor market does not seem to know this — employment is flat and unemployment is up,” Hipple said.

Good to Know.  Doesn’t help me much, but still good to know.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

2 thoughts on “Symptoms of a Recession

  1. Pingback: Numbers And People : Post Politics: Political News and Views in Tennessee

  2. Pingback: Music City Bloggers » Blog Archive » Peanut Butter Jelly Time

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s