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Barry Ritholtz: That's Your Idea of a Recession? Keep Trying
FYI: There seems to be this idea that just won't go away -- that two or more quarters of negative economic growth mark a recession. This is, of course, incorrect. But it persists, and seems to get new life with every unsettling economic event, because people don't understand the basics surrounding what an economic contraction is or how we measure it. Regards, Ted http://www.bloomberg.com/view/articles/2016-07-18/that-s-your-idea-of-a-recession-keep-trying
