Doug Poretz

Four Reasons We Can't Call It a Recession - Yet

I think there is a fundamental mistaker in using the word "recession" whether it is accurate or not. "Recession" is a word used to describe topical economic conditions that have characterized manufacturing era economies. But we now live in a global economy that is transitioning to be knowledge rather than manufacturing based. I've written about this in my blog if anyone is interested: deathoftime.com with a post that is clearly titled to this point.