Monday, September 20, 2010

Good News: The Great Recession is Over; Bad News: It Doesn't Feel Like It

According to the NBER, at long last the great recession is officially over. Bloomberg reports Worst U.S. Recession Since 1930s Ended in June 2009. http://noir.bloomberg.com/apps/news?pid ... Krx3jfaiMk

The longest and deepest U.S. recession since the Great Depression ended in June 2009, lasting 18 months, the National Bureau of Economic Research said.

“The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007,â€