0:00-18:41
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Yesterday, government data showed that the economy shrank for the second quarter in a row, a common definition of a recession. The WSJ's Jon Hilsenrath explains why that doesn't mean the U.S. is in one and looks at what needs to change before he starts using the "R" word.
Further reading:
- Inventory Swing Is a Key Culprit Behind U.S. Recession Talk
- People Have Money but Feel Glum-What Does that Mean for the Economy?
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