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Originally Posted by dude1394
Either all GDP growth is adjusted for inflation or it isn't. Which is it? There is a very accepted and tehcnical definition for GDP and for a recession. We aren't in one.
So if the guvment normally adjusts for inflation then okay, they will and we'll see a recession (doubt it however as I don't expect both months to be revised down) or we will not.
Now if you are saying the guvment SHOULD adjust for inflation but doesn't that's another argument alltogether and is irrelevant to whether the US is in an accepted recession or not.
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Government has to adjust for inflation. They do it. But they will always first give you some phony numbers that they then adjust a year from now when nobody cares anymore. and the whole method in which they determine the consumer price index is pretty stupid, as well, since they take increases in quality as a price-decrease, unlike other nations do.