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4y
They are right about the definition, officially. Of course, to be in a recession, we have to look in hindsight. And if I am not mistaken, Q1 was negative in GDP. Naturally, that could be adjusted as they revise the numbers.
As the old saying goes, recession or not, if you lose your job, it is a depression.
RE: Dallas Fed Telling Us What The Philly Fed: Manufacturing Sucks