Last time we revised the definition of recession and maintained that the definition was outdated for our modern economy.. This time we will change the algebraic convention and claim that (-) is the now (+) and the sign convention was too old and confusing.
Joe.... I implore you to read (very carefully) this very short post that you are commenting on. It may be that English is not your first language. If you still require further clarification, I'd be happy to oblige.
Last time we revised the definition of recession and maintained that the definition was outdated for our modern economy.. This time we will change the algebraic convention and claim that (-) is the now (+) and the sign convention was too old and confusing.
Joe.... I implore you to read (very carefully) this very short post that you are commenting on. It may be that English is not your first language. If you still require further clarification, I'd be happy to oblige.
Hi Luke,
What is the source of this number? Is it Atlantic Fed? I don't see anything for Q3 on the BEA releases.
Cheers,
DV
Hi - it's GDPNow from the Atlanta Fed : )