What better way to start a discussion about a mistaken declaration of recession in North Dakota than with a misquote of Twain. For those interested the actual quote from Twain was “The report of my death was an exaggeration.” We have to be very careful here and define terms well to have a meaningful discussion about this. This is not meant as a “rah-rah” piece and suggest that everything is, or will be, alright. That said, I do not think the North Dakota economy is currently in recession. Nor do I think it will be this year. However, I would agree that the risks of a recession for this year, and the next, increased.

Continue reading Rumors of our recession have been greatly exaggerated

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