There was a great article by John R. Lott Jr., featured on FoxNews.com the other day regarding the "recession" that we are apparently in.  What people (more specifically; the media) doesn't seem to understand is that there are actually strict guidelines as to what defines a "recession."

 

"...as any economist knows, a recession is two consecutive quarters of negative growth, and we haven’t even had one single quarter of negative growth reported. The economy slowed down significantly during the end of last year, but that was after a sizzling annual GDP growth rate of 4.9 percent in the third quarter."

 

Check out the rest of the article here: