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Tuesday, December 02, 2008 12:13:32 PM
It's official: U.S. in recession all of 2008
http://wwwdev.nber.org/cycles/dec2008.html
(12-01) 19:42 PST -- It took seven economists 11 months to decide what should seem obvious given all the foreclosures, bank failures and layoffs - the United States is officially mired in a recession.
Still, Monday's declaration by the National Bureau of Economic Research that the economy has been in retreat since last December sent Wall Street into a bearish fit that knocked nearly 9 percent off the S&P 500 index.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/02/MNTL14FCBU.DTL
Does this mean the recession is near the end?
http://wwwdev.nber.org/cycles/dec2008.html
(12-01) 19:42 PST -- It took seven economists 11 months to decide what should seem obvious given all the foreclosures, bank failures and layoffs - the United States is officially mired in a recession.
Still, Monday's declaration by the National Bureau of Economic Research that the economy has been in retreat since last December sent Wall Street into a bearish fit that knocked nearly 9 percent off the S&P 500 index.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/12/02/MNTL14FCBU.DTL
Does this mean the recession is near the end?
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