No Recession

Today's Yahoo headline: Economy grows by only 0.6 percent in 1st quarter of 2008

Since the standard definition of a recession is back to back quarters with declines in the GDP, this implies that this economic slow-down cannot turn into full-blown recession until October 2008 at the earliest.

So, ignore all those who say we are in a recession, go spend your children's money (i.e., your economic stimulus check), get back to work, buy a house cheap, and let's not have a recession!