Ok - well I have an MBA and my CFO has a finance degree from University of Chicago.
We both say its technically a recession.
Show some creds or stop sounding like an angry useless teen debating semantics on Wikipedia.
Ab, I love ya, but the "official" term for recession is pretty commonly known to anyone who's paid attention to the economy for the last 10-20 years (or past few months). I first learned what the official term of recession meant post 9/11 when we were last in danger of it happening. This isn't some skimming of wikipedia - this is official terminology.
Now, for all intents and purposes I agree we are in a recession. But to say you have an MBA which makes you more credible than anyone else here on a topic that's pretty much "general knowledge" is silly. I'll have my MBA within a couple of years, but I don't think that makes me an authority on such topics...at least, not moreso than your average person who follows the economy.
LOL - actually I think there is a direct correlation between the fact that you are a few hops/clicks away from having an MBA and the fact that you have something useful to add here.
The average person does NOT really follow the economy - the average person follows the tabloids and the reality TV.
Do you think this recession could lead to depression?
I dont think so this time - but its almost what this country really needs for a social adjustment.
