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To: Wyatt's Torch

In 2 quarters of decline, for example, the 1st quarter fell from the previous 4th quarter, and the 2nd quarter fell even more from the 1st quarter number. That would give you an official pattern of falling.

Am I correct?

31 posted on 07/30/2014 7:12:48 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)

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To: xzins

BEA defines a recession as two consecutive quarters of negative YOY growth.

32 posted on 07/30/2014 7:16:21 AM PDT by Wyatt's Torch

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