Let the griping resume

Well, I was going to follow "The Expectation of Growth (part one)" with "part two" but that's not gonna happen.

Something I came across just now at BeBusinessed.com in The History of Recessions:

Prior to 2009, the IMF defined a global recession as a global annual real GDP growth of 3.0% or less. After 2009, they changed their definition to a more complicated formula involving a decline in annual per-capita real world GDP (PPP-weighted) backed up by other macroeconomic indicators.

Sometimes it's hard to tell the difference between what Keynes said (changing your mind when the facts change) and just supercharging the bullshit.