Recession in U.S. Started in December 2007, NBER Says

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krogoth's picture
krogoth
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Recession in U.S. Started in December 2007, NBER Says

 

 

Recession in U.S. Started in December 2007, NBER Says

By Timothy R. Homan and Steve Matthews

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.

rowmat's picture
rowmat
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Re: Recession in U.S. Started in December 2007, NBER Says

I guarantee that no member of the Bush regime will utter the 'R' word until AFTER Obama is sworn in.
Wink

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