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A comment on Show HN: Billionaire Activist Investor calling for more layoffs [pdf]. Parent comment

Re:Show HN: Billionaire Activist Investor calling for more l... by bregma on Sunday January 22, 2023 @08:52AM (#34477379)
A recession is defined as three consecutive quarters of negative growth. A single quarter of negative growth doe not meet that definition. Even technically.
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Re:Show HN: Billionaire Activist Investor calling for more l... by rvz on Sunday January 22, 2023 @09:04AM (#34477489)
> A recession is defined as three consecutive quarters of negative growth.

Source?

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Re:Show HN: Billionaire Activist Investor calling for more l... by gumby on Sunday January 22, 2023 @03:31PM (#34481885)
Generally, two succesive quarters, though the official determination in the US is made by the NBER

https://www.bea.gov/help/glossary/recession

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Re:Show HN: Billionaire Activist Investor calling for more l... by rvz on Monday January 23, 2023 @03:19AM (#34486626)
> Generally, two succesive quarters,

Exactly. There is no source for the unsubstantiated 'three successive quarters' claim.

> though the official determination in the US is made by the NBER

I would not wait for an entity to determine and tell us if it is too late. Hence why businesses are preparing now, even when they should have done in November 2021.

And of course, I am not saying this in hindsight either, since the warning signs were there in [0] and finally when it happened [1].

[0] https://news.ycombinator.com/item?id=29508238

[1] https://news.ycombinator.com/item?id=33185591

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