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Undertoad · 07-15-2006, 09:57 PM

No, two consecutive quarters of negative GDP are the dictionary definition of recession. Here is the Wikipedia entry on "recession". The first sentence explains, A recession is usually defined in macroeconomics as a fall of a country's real Gross Domestic Product (GDP) in two or more successive quarters of a year.

The American Stock Exchange did not become NASDAQ - it never went away. OTC didn't have blue-chippers like Microsoft until NASDAQ boomed, tracking the tech bubble in the 90s.

07-15-2006, 09:57 PM	#62
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	No, two consecutive quarters of negative GDP are the dictionary definition of recession. Here is the Wikipedia entry on "recession". The first sentence explains, A recession is usually defined in macroeconomics as a fall of a country's real Gross Domestic Product (GDP) in two or more successive quarters of a year. The American Stock Exchange did not become NASDAQ - it never went away. OTC didn't have blue-chippers like Microsoft until NASDAQ boomed, tracking the tech bubble in the 90s.