https://www.cnbc.com/amp/2020/06/08...onomic-arbiter.html?__twitter_impression=true
"Though it seemed a foregone conclusion, the NBER, the official arbiter of recessions, made the declaration Monday as the nation tries to recover from the coronavirus pandemic."
"As a rule of thumb, recessions are thought to entail two consecutive quarters of negative GDP growth. However, that isn't always the case, and it's generally the NBER's decision to determine recessions."
NBER the arbiter of recessions? That's not what they taught in B-school. If a recession is not a lagging indicator showing two consecutive quarters of gdp decay, then what were the "recessions" of the 20th century? Not recessions!
"Though it seemed a foregone conclusion, the NBER, the official arbiter of recessions, made the declaration Monday as the nation tries to recover from the coronavirus pandemic."
"As a rule of thumb, recessions are thought to entail two consecutive quarters of negative GDP growth. However, that isn't always the case, and it's generally the NBER's decision to determine recessions."
NBER the arbiter of recessions? That's not what they taught in B-school. If a recession is not a lagging indicator showing two consecutive quarters of gdp decay, then what were the "recessions" of the 20th century? Not recessions!
