Day trading pre-market open March 4, page-38

A lot more goes into the creation of a recession than just negative growth for two quarters, recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. These last two are happening now the economic bubble and the supply of all things, there’s also the loss of confidence in investments.

I think one key requirements have already been met for this next recession just announced yesterday with the rate cuts, next we’ll see unemployment rise as business close due to this virus as they can no longer afford to pay employees constantly to hibernate/incubate for two weeks at a time. And if the only requirement is as you say two consecutive quarters of negative growth then we can guarantee best case scenario with this extra time that by September this year the requirements will be met as recovery and general market sentiment and a willingness to spend will take some time to recover and by the time it does we’ll already be in a recession.

Either way 2020 has really started to suck