I scream this at my monitor at least four or five times a day.  Somehow, though hook or crook, the entire tech blogosphere seems to be fooled into thinking that we’re in the midst of the Great Depression, and it’s beginning to be a refrain that’s wearing thin.

The Wikipedia defines recession as “a decline in a country’s real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.” The United States GDP PPP (purchasing power parity) is listed by the World Economic Forum, World Bank and the CIA World Factbook still as the highest in the world

This is up from the previous quarter, which is up from the previous quarter - thereby eliminating the possibility that we’re in a macro-economic recession.  In fact, this trend for growth continues back just about as far as you want to look in the Bureau for Economic Analysis records

So what is it we’re experiencing now?