Part 1,434,237. (Previously [1] [2] [3][4][5] [6] [7] [8] [9] [10] [11] [12] [13] ) Remember EJ Antoni, declaring a recession occurring in  2022H1? In terms of how we define it or what marks a recession, the basic understanding is that when the economy shrinks for two consecutive quarters, so three months, and then another three … Continue reading Lessons in Why We Don’t Judge Recessions on the Basis of GDP