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Old 04-29-10, 01:41 PM   #15
mookiemookie
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Quote:
Originally Posted by SteamWake View Post
From your own article:
Quote:
While those and other developments have caused many economists to tentatively place the recession's end date sometime in June or July 2009, the economists at NBER decided they needed to wait for more definitive data before making an official determination.
(emphasis mine)

The NBER is notorious for taking a lengthy amount of time to call an official end to the recession. It took them over a year and half after the 2001 recession ended to call the trough of the cycle. And it took 21 months after the 1990-1991 recession ended for NBER to call that one over.

So the moral of the story is that just because the NBER hasn't said its over yet, doesn't mean it isn't over yet.
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