Yes the Oracle of Omaha said the dirty "R" word LOUD and c l e a r.
Read All About it! Here. Here. Here.
Recession, if I remember from an article I read somewhere-sometime, is a prolonged economic downturn over a period of time.
Define "Prolonged": *Shrug*
Define "Economic downturn": *Shrug*
Define "Period of Time": *Shrug*
In other words, Recession is readily apparent only in hindsight.
