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This is what always happens before falling through the floor.

Eurodollar University

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A Technical Recession, Not a Recession?

In 2006, GDP in the middle two quarters of 2006 were below 1% in both quarters. That's not at all uncommon; it has been a recurring pattern over last four recessions. In 2007 and 2008, there was another stumble in the first quarter of 2007. And that's the one people started to really pay attention to because they saw the re-acceleration in GDP later on.

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