| Author | Message | ||
     Onlytruth Legend Username: Onlytruth Post Number: 68760 Registered: 01-2007 Posted From: 208.100.1.46 Rating: N/A |
what did we learn from today's "End of Recession" announcement? Even if it feels like they called it early, the NBER, at least by feel, seems to have gotten one thing right. This recession was/is/will be longer than any in the post WWII period. By the NBER's calculations, this recession lasted 18 months. That was two months longer than both the recessions in the mid-1970s and the one that started in July 1981. For some the question is how long will it be until the NBER announces we are back in a recession. The last two times we have had double dips, the recession started 36 months later in the mid-1970s, and 12 months later in the early 1980s. The good news is that both of those times the earlier dip was a short one. So it could be that the length of this recession means that we will escape without a second leg. Let's hope for the best. | ||
| Ashton Side Hero Username: Ashton Post Number: 6859 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
monna oka real estate realtor chepthunnadu....August is the worst month for foreclosures anta.. | ||
| Ashton Side Hero Username: Ashton Post Number: 6858 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
Yeah recession ended, Depression began... | ||
| Onlytruth Legend Username: Onlytruth Post Number: 68759 Registered: 01-2007 Posted From: 208.100.1.46 Rating: N/A |
Economic activity peaked at the end of 2007, fell for a year and a half, and has been rising since then. But it hasn't risen back to its pre-recession levels yet. Moreover, the committee said, "any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007." | ||
| Onlytruth Legend Username: Onlytruth Post Number: 68758 Registered: 01-2007 Posted From: 208.100.1.46 Rating: N/A |
The longest recession of the post World War II period now has an end date. The National Bureau of Economic Research announced Monday that the downturn that started in December 2007 ended in June of last year. The 18 month contraction was longer than the 1973-1975 and 1981-1982 recessions. |
