cool hand luke 22:36 said:The term "Recession" is a technical term, used in the academic discipline of economics to describe a particular set of economic circumstances. It is well defined, and has been used and accepted for decades.
Buffet is attempting to redefine the term. He is not entilted to do so any more than he would be to redefine the term "Hurricane" so that it could be used to describe a mere tropical storm with much lower wind speeds, no clearly defined eye, no cyclic rotation, etc.
Haven't we, as gun owners, had enough of people twisting well defined technical terms to promote an agenda?
Well said. I find it hilarious to see all the chicken little wannabes screaming that the sky is falling because they can't remember an economy that wasn't booming.
To compare our current situation and economy to the great depression because people have to pay more to drive to disney land or buy luxury items is stupid.