CNN’s John Harwood confirmed in 2019 that a “recession = economy shrinks for two quarters”:
btw it’s not possible for a recession to last only two months
recession = economy shrinks for two quarters
— John Harwood (@JohnJHarwood) August 20, 2019
Case closed, right?
Thank you! https://t.co/zuSW1oHOZH
— Nathan Wurtzel (@NathanWurtzel) July 27, 2022
— David Harsanyi (@davidharsanyi) July 27, 2022
This aged well… https://t.co/pqf4XEVIso
— Anti-Gaslighter (@AntiGaslighter) July 27, 2022
— KC (@seatripper1) July 27, 2022
But it looks like Harwood forgot he tweeted this as he’s been retweeting people saying that the two quarters is meaningless:
What a damn hack:
This aged well, you ridiculous hack.
— Will Collier (@willcollier) July 27, 2022
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Related:
Paul Krugman says we should ignore the two-quarter rule defining a recession
Biden economic adviser Brian Deese brought out to change the definition of ‘recession’ for the press
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