Gross Bill

Is This a Recession? Wrong Question.

Piggybank, I'm sure where you live, in Underyourrockville, all that you wrote makes sense. I think the author's America-centricity can be explained by the fact that he was writing about the USA.

Corporate profits (as per S&P) are down 4 quarters in a row--in the USA. Over here, we don't consider that fairly good--and that hasn't happened outside of a recession. Meredith Whitney is on, gotta go.