- Sep 8, 2014
- 25,448
- 59,462
I heard an economist this morning on a radio show say something along the lines of, "We are in a recession right now...we've been in a recession. Many times we don't realize we're in a recession until we start to come out of it." Then she went on to explain - and it made sense. I asked, I think in the fuel prices thread (on the politics board), 'how are we not in a recession right now' - and it was explained that it's defined as 'two consecutive quarters'. But with the stock market, rising interest rates, inflation, and fuel costs....ummm, yeah, we're in a recession right now!