If a man has fallen (or jumped) from the roof of a 20-story building, does it matter whether or not he acknowledges, at about the 10th floor, that he indeed seems to be in mid-flight headed toward an unpleasant landing?
Ball State University economist Michael Hicks has been among the holdouts who have insisted, for months now, that the economy had not slipped into recession. On Monday, Hicks said he's changed his mind: We're in a recession.