money.cnn.com - 12/1/2008
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NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy . The NBER is a private group of leading economists charged with ...
openleft.com - 12/4/2008
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openleft.com —
In a post about Depression Economics , Paul
Krugman discusses deflation, or dropping price levels. I'm seeing
deflation in the local real estate market, as buyers are holding back because they think prices will keep dropping. One theory is ...
(more)
Why the Right Will Oppose Getting Us Out of Recession
outsidethebeltway.com - 12/1/2008
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outsidethebeltway.com —
The folks in charge of determining whether we’re
in recession or not have now declared that we’ve
been in one for a whole year, despite not meeting the technical definition. The US economy has been in recession since December 2007, a panel of economists charged with the official ...
(more)
US in Recession Since December 2007
Comments
Blog Reactions
NBER: U.S. economy in recession since December 2007.
Think Progress —
... The National Bureau of Economic Research (NBER) announced today that the U.S. economy has been in recession since December 2007. NBER’s Business Cycle Dating Committee — “which maintains a chronology of the beginning and ending dates of U.S. recessions” — ...
An official recession
Political Animal —
AN OFFICIAL RECESSION.... The announcement was only a matter of time. The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy. The NBER is a private group of leading economists charged with dating the start and end of economic downturns. It typically takes a long time after the start of a recession to declare its start because of the need to look at final readings of various economic measures. "The committee views the payroll ...
Official Recession
Matthew Yglesias —
... NBER is scoring it as having begun in December 2007. This puts a lot of these “McCain: What Went Wrong?” discussions into context. I don’t think you’ve ever seen an incumbent party hold on to the White House amidst a recession. Maybe it could have been done, but it would have taken some kind of really dramatic effort to break the natural partisan linkage and there’s no real precedent for what could have worked. ...
It's official: We're fuc*ed.
Corrente —
... http://money.cnn.com/2008/12/01/news/eco... ...
For Nearly A Year After Recession Started, Bush White House Insisted That ‘We’re Not In A Recession’
Think Progress —
... Earlier today, the National Bureau of Economic Research (NBER) announced that “the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy.” The group, which the White House has ...
It's official: Recession since Dec. '07
Democratic Underground Latest Breaking News —
... . . . The current recession is one of the longest downturns since the Great Depression of the 1930's. The last two recessions (1990-1991 and 2001) lasted eight months each, and only two of the 10 previous post-Depression downturns lasted as long as a full year, according to the NBER. In a statement, White House Deputy Press Secretary Tony Fratto said that even though the recession is now official, it is more important to focus on the steps being taken to fix the economy. Read more: http://money.cnn.com/2008/12/01/news/economy/recession/...
True Lies
damnum absque injuria —
... was a bit more cautious than most, conceding that “the economy is weak and a recession cannot be ruled out” while concluding generally that the economy probably was not in a recession and “it looks like Beldar was right.” I argued at the time that Beldar may or may not have been right on the underlying issue of whether we were in a recession, but he was wrong to drop L-bombs on anyone who disagrees. Well, it turns out that the doomsayers were not only not liars, they were right all around. Per the National Bureau of Economic Research, we’ve ...
The Bush Economy and the Myth of the Clinton Recession
Crooks and Liars —
chart_post_ww2_recessions_946ce.gif It's official. According to a statement from the National Bureau of Economic Research , the United States has been in a recession since December 2007. But while that conclusion from the non-governmental NEBR differs from the traditional definition of two consecutive quarters of GDP contraction, by any accounting the Bush recession will be well underway by the end of this year. And by either measure, the conservative talking point of a Clinton recession "inherited by George W. Bush" remains a myth. The NEBR declaration is just ...
12/2: Outrage From The Left? Not Exactly...
Blogometer —
... : "NBER is scoring [the recession] as having begun in December 2007. This puts a lot of these 'McCain: What Went Wrong?' discussions into context. I don't think you've ever seen an incumbent party hold on to the White House amidst a recession. Maybe it could have been done, but it would have taken some kind of really dramatic effort to break the natural partisan linkage and there's no real precedent for what could have worked." LEST WE FORGET: American Airlines Now Charging Fees To Non-Passengers From ...
O’Reilly And Rove Agree: Reports On The Bad Economy Are Part Of A Media Cabal To Help Obama
Think Progress —
... For years, in fact, the Bush administration has tried Rove and O’Reilly’s strategy of insisting that nothing is wrong. Although the United States has been in a recession since December 2007, the Bush administration has continued to insist that the economy was strong. The result? A government unprepared to deal with “ ...
Related: national bureau of economic research
No Shit Sherlock
newshoggers.com 12/1/2008 — By Fester: The National Bureau of Economic Research (via Marketwatch) is only a year late and several dollars short on stating the obvious: The U.S. economy entered a recession in December 2007, a committee of
economists at the private National Bureau of Economic Research said
Monday. The ...
Kudlow and Company
anonymousliberal.com 12/1/2008 — According to the National Bureau of Economic Research (NBER), the U.S. economy officially entered a recession in December of 2007. Here's what the National Review 's resident economic expert, Larry Kudlow, had to say at the time--in a December 2007 ...
Did You Just Confirm We're in a Recession? —
Pundits Blog
There seems to be no reprieve from the volatility in our capital markets.
On the one hand, the stock market continues to spike and plummet with little rhyme or reason. On Monday, the National Bureau of Economic Research announced, as though it were a surprise to Wall Street, that the U.S. has ...
The Bush Recession —
d r i f t g l a s s
Bigger! Harder! Longer Lasting! From CNN: It's official: Recession since Dec. '07 The National Bureau of Economic Research declares what most Americans already knew: the downturn has been going on for some time. By Chris Isidore, CNNMoney.com senior writer Last Updated: December 1, 2008: ...
Down —
Suburban Guerrilla
If stockbrokers were blog readers, this wouldn’t be such a shock to them:
The evidence of a recession has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs.
But the nonpartisan National Bureau of Economic Research, charged with making ...
Recession and Thinking Long-Term —
Pundits Blog
Today the National Bureau of Economic Research concluded that we have been in recession since December of last year. During the last year, however, politicians and the MSM seemed to do everything they could to conceal the truth.
Maybe it was in the context of the election — think "the ...
NOW, We Are in a Recession —
Shakesville
Dow Plunges 680 Points as Recession Is Declared . But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to make it official — and the announcement came on a day when the American stock market fell nearly 9 percent in a ...
Group: U.S. in Recession since Dec. '07 —
News
The National Bureau of Economic Research today said that the U.S. economy's current recession began in December 2007.
The private, nonpartisan organization found that December 2007 marked a peak of economic expansion that began in November 2001. Many economic indicators have taken sharp ...
Well, duh-uh —
HorsesAss.Org
“ It’s official: ”
… for the last year, the United States economy has been in recession.
No shit, Sherlock.
Of course the “nonpartisan” National Bureau of Economic Research waited until after the election to make the pronouncement. You know, God forbid ...
It’s Official: Recession —
QandO
T he National Bureau of Economic Research has weighed in with it expected dismal news . The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call on Friday, November 28. The committee maintains a chronology of the beginning and ending dates (months ...
Economy in recession for a year —
The Swamp
by Frank James
For anyone who suspected for the past year or so that the economy was in a recession, who thought the signs were evident even before Wall Street ran off the rails in the spring and summer, you were right.
The National Bureau of Economic Research, the group that dates ...
CNN Is Stupid, and Thinks You Are, Too —
Sound Politics
In an article today titled It's official: Recession since Dec. '07, CNN writer Chris Isidore tells us that it is now "official" that we are in a recession because the National Bureau of Economic Research says so. And after all,...
NBER generally gets it right —
Angry Bear
Brad DeLong suggested a bit before the U.S. election that there was virtually no non-political reason for NBER not to admit the United States was in a recession .* A little late, but they generally got it right. As Floyd Norris notes : The National Bureau of Economic Research said today that the ...
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