NBER: US recession began in March

[Doug Henwood]

[If I remember right, they declared the last one - Jul 90-Mar 91 - 
when it was almost over, if not already over. Not that this one is, 
but it's worth keeping in mind.]

<http://www.nber.org/cycles/november2001/recessnov.html>

The Business-Cycle Peak of March 2001
Business Cycle Dating Committee, National Bureau of Economic Research

Robert Hall, Chair
Martin Feldstein, President, NBER
Ben Bernanke
Jeffrey Frankel
Robert Gordon
Victor Zarnowitz

November 26, 2001
This report is also available as a PDF file.

The NBER's Business Cycle Dating Committee has determined that a peak 
in business activity occurred in the U.S. economy in March 2001. A 
peak marks the end of an expansion and the beginning of a recession. 
The determination of a peak date in March is thus a determination 
that the expansion that began in March 1991 ended in March 2001 and a 
recession began. The expansion lasted exactly 10 years, the longest 
in the NBER's chronology

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