Recession? Who Cares?

The Definition of a Recession

In the past several months, the financial world has been fixated on whether the U.S. economy is in a recession or whether one may be imminent. 

So, are we in a recession according to the technical definition, or are we waiting for more economic indicators to line up according to the NBER? Why should we care? More on that later. But first, we'll explore the two definitions of a recession.


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