Recession...or not?

Seems we can’t turn on the television, read the newspaper, or access just about any internet news site without reading that we could be, might be, or already are in one of the most-dreaded of economic situations, a recession. Never mind that a real recession requires six - six! - full months of economic decline and as of this writing we’ve had only one, recession is just one of those news “stories†the other media likes because, like “fire,†“shooting,†“accident,†and “illicit affair†the word elicits a reaction and draws attention, regardless of whether the information provided is beneficial, or even whether it’s accurate. I'm not saying we aren’t in a recession; I'm just saying let’s wait until the numbers are in, then call it what it is, recession or not.

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