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View Diary: POTUS and Rep. Pelosi Announce Plans to Win Back the House (317 comments)

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  •  2 consecutive declining quarters? (0+ / 0-)

    1-3 FQ-2010: 4%, 2.3%, 2.2%
    3rd FQ 2010: 2.6%, 1st & 2nd FQ 2.4%, 0.1%
    2012 FQ 1-3: 4.1%, 2%, 1.3%.


    Source: tradingeconomics.com

    http://www.bsu.edu/...

    http://www.data360.org/...

    .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Sat Jun 08, 2013 at 11:11:32 AM PDT

    [ Parent ]

    •  No, two consecutive quarters of *negative* growth. (2+ / 0-)
      Recommended by:
      NedSparks, OIL GUY

      Your stats show a decline in the rate of positive growth for those particular quarters.

      By contrast, here is UK's GDP chart since 2008.  You see the initial huge recession in 2008/2009 (5 consecutive quarters of negative growth), then you see at the end of 2011 and start of 2012 three more consecutive quarters of negative growth (which is the double-dip).  Thanks to Cameron's austerity program (a REAL austerity program, proudly proclaimed as such).

      •  I stand corrected (1+ / 0-)
        Recommended by:
        Tony Situ

        NBER has 8 recessions since 1960, 15 instances of negative quarterly growth. SO yeah.

        Even going to 3 consecutive quarters of declining growth allows for dozens of recessions by that metric.

        .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

        by Roger Fox on Sun Jun 09, 2013 at 04:56:09 PM PDT

        [ Parent ]

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