Submit a Story!
Votes
topics:

vote down flag
outsidethebeltway.com - 12/1/2008
US in Recession Since December 2007
—
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 ...

Blog Reactions

Comments from Left Field:  Guess What? We’ve Been in a Recession for a Year.

N/A:  And the Answer Is . . .

It's official: U.S. in a recession since December 2007 - Dec. 1, 2008
money.cnn.com - 12/1/2008
It's official: U.S. in a recession since December 2007 - Dec. 1, 2008
— money.cnn.com — 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 ... (more) It's official: U.S. in a recession since December 2007 - ...
Comments vote down Think Progress found this 12/1/2008found this
It's official: U.S. in a recession since December 2007 - Dec. 1, 2008
money.cnn.com - 12/1/2008
It's official: U.S. in a recession since December 2007 - Dec. 1, 2008
— money.cnn.com — 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 ... (more) It's official: U.S. in a recession since December 2007 - ...

Comments vote down The Latest on Air America found this 12/1/2008found this
openleft.com - 12/4/2008
Why the Right Will Oppose Getting Us Out of Recession
— 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
Comments vote down Talking Points Memo found this 12/4/2008found this
Comments
Blog Reactions

Guess What? We’ve Been in a Recession for a Year.
Comments from Left Field — Anyone who has the capacity to see beyond their own nose has known this for a long time now. In fact, for a lot of Americans, the recession has been a reality for quite a bit longer than a year. Kevin Drum called it last February (h/t James Joyner). Larry Kudlow (supposed expert on economic issues) blew it. Helen Thomas thinks it’s a depression (and she lived through the last one).

And the Answer Is . . .
N/A — We are in a recession (if you didn’t know). Since December of 2007 (if you didn’t know). A year ago (if you didn’t know). It’s official.  It always feels better when official types feel what we have been feeling for awhile.

Related: recession vs depression
Michigan Mayor: No Auto Bailout Will Mean Depression — NewsBusters.org - Exposing Liberal Media Bias
Just give us the money and nobody gets hurt . That was the warning from the mayor of Lansing, Mich . , on CBS' "The Early Show" Dec. 2. "You know this is a sure prescription to go from recession to depression if you allow this auto industry, our manufacturing prowess, to ...
No Depression? — Hit & Run
It's becoming increasingly clear that the battle of ideas over all things related to our newly certified recession and $8.5 trillion (so far) bailout is boiling down to a fascinating revisionist face-off over the Great Depression: its causes, its effects, its solutions. Are we indeed in, or ...
Why Are They So Much Slower Than Us? — Suburban Guerrilla
We’ve been using the “R” word for a couple of years now: There is little doubt that the country is still in a recession, said economists not associated with the NBER. Economic data in recent months suggest that conditions are getting worse, not better. Bernanke himself ...
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 ...
How To Be Happy In A Recession — Suburban Guerrilla
Deepak Chopra: To be happy in a recession means, first and foremost, resisting all the threats that fear possesses. Don’t obsess anxiously over what you could lose. Don’t reduce your world to a bank account or a 401k. Isn’t there an upside to losing some “consumer ...
Layaway — Suburban Guerrilla
It’s back!
Spreading the Poverty — Suburban Guerrilla
Remember when it used to be about spreading the wealth? WASHINGTON (Reuters) - Poverty in the United States is spreading from rural and inner-city areas to the suburbs, according to a study, a situation that can worsen as the economy confronts what may be a protracted recession. [...] ...
Dr. Doom — Suburban Guerrilla
Likes Obama’s economic team.
Flashbacks — Suburban Guerrilla
Via Corrente , this interesting collection of 2006-2007 predictions by Peter Schiff (Ron Paul’s finance guy) about the coming recession (and just listen to which stocks the “experts” are pushing): From Cannonfire: This video sequence offers a compendium of appearances ...