Subject: Re: ISM Kiss it good bye
Recession: 1.
a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending.

I'm actually anticipating one, and these numbers are a leading economic indicator, but it's premature to call this drop a recession.

Jeff