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http://www.boston.com/dailyglobe2/199/business/It_s_official_Recession_is_over+.shtml>>
>>According to the experts the recession began March 2001 and ended November 2001, the shortest recession in history?
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>"Recession" has a very specific meaning. Two consecutive quarters of negative growth. So the economy can be doing really poorly and not be in a recession.
That it took “The National Bureau of Economic Research” until July 17 of this year to make such a determination and announcement speaks well of our “experts”.
A recent trend that is increasing in popularity is outsourcing hardware and software projects to India. I think the 123,000 H1B’s from India who work in Silicon Valley will return to his/her country if this keeps up. Then the 193,000 IT professionals out of work in Silicon Valley can find employment in India. Is that the way it works in a global economy? :)