Global Economy (Nothing About the Bakken); Sports

For the Bakken, scroll down.

I see that the GDP for the Euro-zone has contracted for two months of the last three. I forget the definition of a recession, but some years ago I was told that a recession was two consecutive quarters in which the GDP contracted. [Later: I see the AP is reporting the same thing:

Even growth in traditional economic powerhouse Germany is slowing, and the OECD's interim assessment said that Europe's largest economy could slip into recession by the end of the year.]

President Reagan probably understood the difference between a recession and a depression as well as anyone.

Not to worry; doesn't the third of four FedEx Championship golf tournaments start today? Speaking of which: great football game last night. I don't have any fond allegiance to the Cowboys, but it was interesting to note the story line written by / for the commentators last night and then see the game play out.