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RUSH: That means that the employment situation isn’t changing. That means wages aren’t changing positively. There’s no growth in people’s incomes. It’s just sad to watch this happening right in front of our eyes. The inflation rate is at least 2%, probably higher than that. So a casual calculation here, a 0.1% GDP contraction could mean that for all intents and purposes we’re back into a recession. What do you need, a couple or three quarters in a row for that to be officially proclaimed?
