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Re: GDP Up 3.5% Q3-2009
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Originally Posted by drgoodtrips
As a point of fact (and please correct me if I'm wrong), wouldn't we need growth in Q4 as well before the recession is over? I was under the impression that a recession ended when there were two consecutive quarters of growth.
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Im not sure actually, just that a recession is two consecutive quarters of less gdp. Since we have more GDP now, that breaks the streak. Its all semantics of course.
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"To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, "to guarantee to everyone a free exercise of his industry and the fruits acquired by it."
-Thomas Jefferson
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