The official declarer of such things has announced that the Great Recession is over, and it ended in Jun 2009. So why doesn’t it feel that way? [More]
national bureau of economic research
US In Recession Since Dec '07, Says Official Stat Group
By 12.1.08
We’ve been in a recession since December 2007, according to a fancypants stat group. WSJ reports, “In a statement, the National Bureau of Economic Research said its Business Cycle Dating Committee determined that the U.S. entered recession in December 2007, marking the end of the economic expansion that began in November 2001.” I don’t think Americans need a committee to tell them the economy has been on the express the train to Suck City for over a year…
