Dec. 1 (Bloomberg) -- The U.S. economy entered a recession in December 2007, the panel that dates American business cycles said today. The declaration was made by the National Bureau of Economic Research, a private, nonprofit group of economists based in Cambridge, Massachusetts. The last time the U.S. was in a recession was from March through November 2001, according to NBER.
Dec. 1 (Bloomberg) -- The U.S. economy entered a recession in December 2007, the panel that dates American business cycles said today.
The declaration was made by the National Bureau of Economic Research, a private, nonprofit group of economists based in Cambridge, Massachusetts. The last time the U.S. was in a recession was from March through November 2001, according to NBER.
The Fed and others seem to think it's going to last a year and a half to two years, so we have about six months to a year to go.
Depending on how fast they can ramp up the stimulus package, a year sounds more right to me. Six months is simply too short. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
"Hey, I've got lung cancer."
Ans: "Take some cough medicine and shut up, whiner!"
Hope I'm wrong but don't think so. Now where's the fun in that! - Megatron
