The Barbershop has re-located

The proprietor has moved the shop to ChicagoNow, a Chicago Tribune site that showcases some of the best bloggers in the Chicago area. You can logo on to the Barbershop home page here. The ChicagoNow home page is here.

You'll still be able to post comments with the same ease as in this location. The proprietor also will keep this web site alive if you wish to review old posts.

Thursday, July 31, 2008

Still waiting for the recession to begin...

while Democrats say they are waiting for it to end. The Commerce Department today reported that gross domestic product (GDP) rose at a seasonally adjusted 1.9% annual rate April through June, showing that the economy accelerated over the previous quarter. We're still waiting for the first quarterly decline in the GDP, which will be the bellwether for only the beginning of a recession. Then it will take at least two more consecutive quarters of decline before we are even in a recession. What will Barack Obama and the Democrats say now?

1 comment:

SBVOR said...

Actually, the latest report revised Q4 of 2007 down to negative 0.2 GDP growth.

Never the less, the data continue to say:
No recession.