Well, a recession is technically two quarters where the GNP drops. Well, given the drastic drop in everything post-9/11, it really had nowhere to go BUT up by november. The circumstances don't fit the normal curve model because the models don't know how to account for a shock like that, just like they didn't know how to account for the shock in the computer-generated mini-crash of '87.
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timeasmymeasure
Re: Hmmm...
Date: 2003-07-18 07:41 am (UTC)