UCLA economist predicts U.S. will avoid the 'R' word

While the "R" word -- recession -- has been tossed about frequently in economic discussions, a quarterly economic forecast maintains that the word need not be a part of the dialog, at least in the short term.

"Now there are countless prognosticators throwing around recession. That may be the best indicator that a recession is not coming soon," stated Ed Leamer, director of the University of California, Los Angeles, Anderson Forecast.

"Better remember a recession is not measured by the frequency with which the newspapers use the 'R' word.

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