Quote:
|
Originally Posted by pgardn
They did not know what to call it at the time.
I still have yet to hear a definition that everyone agrees on.
But it was clearly not the out and out crisis
we had before the election. Not even close.
|
No one ever calls a recession a recession until its over. The only reason this time is different is because its lasted so long.
We were certainly in a recession in 2001. Thats what made them lower the fed funds rate to begin with.