In probably the most famous premature declaration in modern history, W declared mission accompished in Iraq long before the war even began.
Today, Carney declared the recession is over before it even hit bottom. Of course, that's CanWest's headline. Over at Real Financial News Central (Bloomberg) the headline is a wee bit different: "Bank of Canada says Recovery Muted by Strong Dollar"
The definition of recession is two consecutive quarters (or 6 months) of negative growth. Apparently the definition of "recession over" is the prediction of one quarter of positive growth.
I'm advocating a level playing field. At HHV, you will not hear "recession is over" until we have 6 months of positive economic growth. I'll keep calling it like it is, not like you tell me to see it. Take that W, er, Carney.
Carney says: "HHV, if you don't accept my definition of 'recession is over,' I will squish your little head!"