The general business conditions index fell four points to -7.7, its third consecutive negative reading.
The economy needs to register two consecutive quarters of negative growth to be in recession.
Recession is often defined as two consecutive quarters of negative growth - or economic contraction.
The technical definition of a recession is two consecutive quarters of negative growth.
That ended a run of nine consecutive months of negative year-on-year sales numbers.
That happened to Treasury bonds, which suffered four consecutive decades of negative real returns from the 1940s through the 1970s.
The 124-year-old manufacturer of film and cameras filed for Chapter 11 bankruptcy protection in 2012, following many consecutive years of negative financial returns.
They are basing their conclusion on the technical definition of a recession which is two or more consecutive quarters of negative economic growth.
Now, if your definition of a recession is the traditional one of two consecutive quarters of negative growth, then those very few contrarians are correct.
There were only two, 1990-91 and 2000-01, the latter not even counting as a recession by the old rule of needing two consecutive quarters of negative growth.
The trouble is, while the definition of a recession as two consecutive quarters of negative growth is widely accepted, there is no popular definition of a depression, which means there is nowhere to go once recessions stop being relevant.
In extreme cases, a company could have consecutive quarters of negative operating cash flow and, in accordance with GAAP, legitimately report positive EPS. In this situation, investors should determine the source of the cash hemorrhage (inventories, receivables, etc.) and whether this situation is a short-term issue or long-term problem.
This is the first time the spread has been negative for two consecutive weeks since December 1, 2011.
It is two consecutive quarters or more of negative GDP growth.
Why else would Forbes, who has named Cintas one of the "Best Managed Companies" six consecutive years, write such a negative article?
The Shanghai Composite Index finished in negative territory for the second consecutive year, down 21.7%.
Though most of its competitors such as Intel and Texas Instruments are being hurt by the slowdown, AMD has been the worst hit so far, posting negative cash flows for two consecutive quarters amid declining revenues.
FORBES: AMD's Earning Preview: What To Watch After A Rough Year
Getting a recovery plan through as quickly as was done to get resources into the economy that we've already seen has helped pull an economy from negative economic growth for four consecutive quarters to the positive -- I think there's an awful lot to be proud of in what has been accomplished.
You looked at -- we had the -- I think the statistic I saw, that I probably got from Dr. Romer, was that you had consecutive quarters of more than 5 percent, more than negative-5 percent economic retraction for the first time since the Great Depression.
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