Sunday, February 3, 2008

On Recessions and Dynasties

Folks have taken to debating whether or not the US economy is in a recession. If so, when did it start? How long will it last? Etc. For some reason, I can't stop associating this debate with the talking heads who deliberate over the Patriots dynasty. Are the Patriots a dynasty? At what point did they become one? When will their reign end? Are they the best dynasty EVER?

Now, while sports dynasties are ill-defined, there is at least a technical definition for recession: two consecutive quarters of negative economic growth. Unfortunately, those engaged in this debate are probably using a looser definition than that (read: their own custom-made definition). Worse, even if we did stick to the tighter definition, the clowns would probably be fighting over who's growth numbers to use.

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