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« Gasoline Down for 75 Straight Days | Main | Investing During a Recession » December 1, 2008 NBER: Recession Began in December 2007I was wrong. I thought the National Bureau of Economic Research would date the beginning of the recession in May of 2008. The committee today pinpointed December 2007. I understand that selection since that’s when employment peaked. The reason for my later date was that GDP numbers continued to look decent through the second quarter. I didn’t think the committee would “overrule” that data, but I guess they did. NBER Announces December 2007 Peak in Economic Activity Next question: When will it end?
Posted by edelfenbein at December 1, 2008 1:42 PM |
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