Fairy tales do not tell children the dragons exist. Children already know that dragons exist. Fairy tales tell children the dragons can be killed. - G.K. Chesterton
Wednesday, April 30, 2008
Ergo, it's not a recession
The U.S. of A's 2008 first quarter economy grows at .6%. Nothing to write home about, but it does not fit the classic definition of a recession. Maybe the demagogued, political one, but not the classic one respected by economists.