Submitted by CARPE DIEM

We still don’t have conclusive evidence that we’re in a recession, and we might avoid one altogether. A credible case could be made that we’re facing just one quarter of negative growth, and that GDP growth will be back in positive territory during the remaining three quarters of 2008.

“Are We In (Or Headed For) a Recession?,” by Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor

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