Thursday, May 1, 2008

Now, can we ask the question again?

I asked the question back in February: Did we go into recession in December?

I am still waiting for the G&M or Financial Post to ask this question.

Today we got news that February GDP was -0.2%. On April 1st, I stated that based on Dec-Jan data, it appears that the economy was basically going flat. So now we can make it 3 months of basically no growth.

Can we at least start to ask the question, and also ask: If we are at zero now, and then the housing bubble and commodity bubble only began to deflate in March, how do we avoid recession?

G&M? FP?

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