It's official: U.S. is in recession
 

It's official: U.S. is in recession

Dec. 1: A CNBC panel discusses new data from the National Bureau of Economic Research saying that the current recession actually began in December, 2007.
CNBC


WASHINGTON - The economy fell into recession late last year, according to a panel of economists that is responsible for determining the dates of business cycles.

Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U.S. recession began in December 2007.

www.msn.com

Re: It's official: U.S. is in recession
 

So it took them a year to make it official?

Re: It's official: U.S. is in recession
 

Great.

More ammunition for the doom-and-gloom folks among us, I guess.

Re: It's official: U.S. is in recession
 

Charnock has been the King of Gloom!

If it started a year ago, what's new?

Re: It's official: U.S. is in recession
 

More conformation for those who see where we are headed.

The reason it took a year to make it official is because they don't admit these things until they are completely undeniable.

Re: It's official: U.S. is in recession
 

:christmaskiss

I love you too, ya big know-it-all.

Bad thing is economists don't see an end in sight.

Merry Christmas!

Re: It's official: U.S. is in recession
 

Oh, by the way, the Dow plunged 680 points today.


Happy Hannukah!

Re: It's official: U.S. is in recession
 

Well, it plunged more than that in the past couple months!

I haven't seen your threads when the Dow rebounds........

Re: It's official: U.S. is in recession
 

I don't want to know this!!!!!!! :tissue

Re: It's official: U.S. is in recession
 

Are you being negative?

Why didn't you inform me that it was in positive territory all of last week?

That would have been cheerier.:irule