Economic Recession, Depression, or Systematic Breakdown

Economics / Recession 2008 - 2010
Mar 04, 2010 - 04:52 PM
By: James_Quinn

As crooked politicians, Federal Reserve hacks, and cheerleading media pundits inform you the recession is over, you probably have a sneaking suspicion they are lying.

The National Bureau of Economic Research is the arbiter of business cycle recessions. They define a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production.â€