Congratulations, It’s A Recession - Forbes.com

Posted by on December 1st, 2008 at 06:05pm

imagineur wrote an interesting post today on
Here’s a quick excerpt
Good news. The keeper of the business cycle books, the National Bureau of Economic Research, announced Monday what economists have been saying for a long time–this is a recession. And, NBER says, it's been a recession since December of 2007.
The announcement comes as no surprise to anyone with a TV, newspaper or more than 10 friends. Why is it good news? We've already gotten through one year, and now the question is not "are we in a recession?" but the slightly more optimistic "are we in a recovery?"
via Congratulations, It’s A Recession - Forbes.com

Read the rest of this great post here

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