Recession Started Dec. 2007 – as predicted

[UCGal]

[quote=sdduuuude]My point was – by the time the NBER does announce the current one is over (i.e. not until next year), the new one may already be underway.[/quote]

I agree completely!

[sdduuuude]

I figure I would revive this thread, given the official announcement that the recession ended last Summer.

Looks like Roubini was right about the 18 mo recession, but I was right that the pain of the recession would be felt well after the end.

Also, I guess we won’t know for a year if we are in a recession today – just as the end-date of the first recession was announced.

I’m still happy with this call – though I may be off by a quarter here-or-there:

[quote=sdduuuude on Dec. 1, 2008]It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.[/quote]

[sdduuuude]

I figure I would revive this thread, given the official announcement that the recession ended last Summer.

Looks like Roubini was right about the 18 mo recession, but I was right that the pain of the recession would be felt well after the end.

Also, I guess we won’t know for a year if we are in a recession today – just as the end-date of the first recession was announced.

I’m still happy with this call – though I may be off by a quarter here-or-there:

[quote=sdduuuude on Dec. 1, 2008]It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.[/quote]

[sdduuuude]

I figure I would revive this thread, given the official announcement that the recession ended last Summer.

Looks like Roubini was right about the 18 mo recession, but I was right that the pain of the recession would be felt well after the end.

Also, I guess we won’t know for a year if we are in a recession today – just as the end-date of the first recession was announced.

I’m still happy with this call – though I may be off by a quarter here-or-there:

[quote=sdduuuude on Dec. 1, 2008]It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.[/quote]

[sdduuuude]

I figure I would revive this thread, given the official announcement that the recession ended last Summer.

Looks like Roubini was right about the 18 mo recession, but I was right that the pain of the recession would be felt well after the end.

Also, I guess we won’t know for a year if we are in a recession today – just as the end-date of the first recession was announced.

I’m still happy with this call – though I may be off by a quarter here-or-there:

[quote=sdduuuude on Dec. 1, 2008]It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.[/quote]

[sdduuuude]

I figure I would revive this thread, given the official announcement that the recession ended last Summer.

Looks like Roubini was right about the 18 mo recession, but I was right that the pain of the recession would be felt well after the end.

Also, I guess we won’t know for a year if we are in a recession today – just as the end-date of the first recession was announced.

I’m still happy with this call – though I may be off by a quarter here-or-there:

[quote=sdduuuude on Dec. 1, 2008]It wouldn’t shock me if this recession ended in late 2009, then another one hits in 2011 when all the people who have been bailed out realize they are still screwed.[/quote]

[sdduuuude]

From CR:

http://www.calculatedriskblog.com/2010/09/nber-recession-ended-in-june-2009.html

“… the committee usually waits until some of the key indicators have returned to pre-recession levels. This time no indicator has reached the pre-recession level, and some are still very low (like personal income less transfer payments).”

[sdduuuude]

From CR:

http://www.calculatedriskblog.com/2010/09/nber-recession-ended-in-june-2009.html

“… the committee usually waits until some of the key indicators have returned to pre-recession levels. This time no indicator has reached the pre-recession level, and some are still very low (like personal income less transfer payments).”

[sdduuuude]

From CR:

http://www.calculatedriskblog.com/2010/09/nber-recession-ended-in-june-2009.html

“… the committee usually waits until some of the key indicators have returned to pre-recession levels. This time no indicator has reached the pre-recession level, and some are still very low (like personal income less transfer payments).”

[sdduuuude]

From CR:

http://www.calculatedriskblog.com/2010/09/nber-recession-ended-in-june-2009.html

“… the committee usually waits until some of the key indicators have returned to pre-recession levels. This time no indicator has reached the pre-recession level, and some are still very low (like personal income less transfer payments).”

[sdduuuude]

From CR:

http://www.calculatedriskblog.com/2010/09/nber-recession-ended-in-june-2009.html

“… the committee usually waits until some of the key indicators have returned to pre-recession levels. This time no indicator has reached the pre-recession level, and some are still very low (like personal income less transfer payments).”

[sunny88]

It’s hard to believe, but the news media today reported that the recession is officially over. On the same day president Obama stated that the federal government is insolvent.

[sunny88]

It’s hard to believe, but the news media today reported that the recession is officially over. On the same day president Obama stated that the federal government is insolvent.

[sunny88]

It’s hard to believe, but the news media today reported that the recession is officially over. On the same day president Obama stated that the federal government is insolvent.

[sunny88]

It’s hard to believe, but the news media today reported that the recession is officially over. On the same day president Obama stated that the federal government is insolvent.

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