@blatham,
Bernie - in an effort to spare you further embarassment on your online blog (which you posted on another thread) I'm commenting in this quiet backwater where the posters on the other thread aren't likely to see it:
BEFORE you post on economic and financial statistics (a subject of which you are evidently innocent) ASK someone familiar with WHATEVER you believe your point to be. For instance, in the matter of definitions of recessions, they are only ascertainable EX POST, as this NBER article makes clear:
Quote:A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
http://www.nber.org/cycles/recessions.html
PS Please keep that in mind before you continue to follow the example of the idiot football player who shot himself in the foot at a New York night club and now denies in court that he ever carried a gun, loaded or otherwise
PPS "ex post" is Latin for "a helluva lot later" and DEFINITELY does not mean "contemporaneously"!