Recession? Maybe, maybe not; Painful? Surely

Smith, Hubble
June 2008
Las Vegas Business Press (10712186);6/2/2008, Vol. 25 Issue 22, pP17
The article discusses the highlights of a housing market seminar presented by Sullivan Group in Las Vegas, Nevada, on May 22, 2008. A panel discussed the components of a recession. Views of home builder Tom McCormick on a recession differed from his fellow panelists. McCormick believes a recession is defined by six months of negative growth in gross domestic product.


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