 of a recession which is two consecutive quarters of negative growth I can tell you this is not the technical definition of a recession it is not it is not I will say that the textbook definition of recession is not is not two negative quarters of GDP well a recession is two quarters in row negative growth I don't think we're remember way way back during the old-timey sepia tone days of 2018 when everyone knew the definition of a woman and a recession Donald Trump was president and oddly the media and Democrats were way more eager to declare a recession Thursday that first reading of second-quarter GDP there's a possibility this is a negative number two consecutive quarters of negative growth the definition of a recession is a decline in output for two or about six months a recession is just two consecutive quarters of economic decline when we talk about the possibility of a recession what is a recession a recession is two consecutive quarters of two consecutive quarters two consecutive quarters of declining GDP because as you know it's two consecutive quarters of down GDP that signals it is actually a definition of a recession I mean the most common definition of a recession to consecutive quarters of negative growth that's Richard said even if we don't have two consecutive quarters of negative growth, we might have one quarter of growth so deep that it's classified as a recession. And you know, one of the reasons that we should all be very careful about even using the word recession, you can't really even officially use that. You know, one of the reasons that we should all be very careful about even using the word recession. The White House has been eager to push back on this notion that two consecutive quarters of negative GDP growth automatically equals a recession. Yes, it is a rule of thumb, but the White House is really emphasizing here and trying to educate the public essentially over the last week. And to simply say, we have a good economy, we have a bad economy. Come on, Willie, we have to remember what's actually causing inflation. You've got a war in Ukraine. You have the challenge of getting the American people positive about the economy. It's very psychological. How do you change the way people think? Because we are in an economic recovery. A recession is just two consecutive quarters of economic decline. Isn't it more important that the carbon emissions will be reduced by 40% by 2030? OK, inflation comes and goes, but the air we breathe is more important. Well, I'm not concerned about a recession. I mean, you're always concerned about a recession. Doesn't sound like a recession to me. Thank you very much.