Longest recession in 70 years?

Doug Henwood dhenwood at panix.com
Fri Jan 17 09:54:31 PST 2003


Carl Remick wrote:


>[From CBS MarketWatch]
>
>Recession redux?
>
>By Dr. Irwin Kellner
>
>NEW YORK (CBS.MW) -- Here's a splash of cold water: The National
>Bureau of Economic Research, the widely acknowledged umpire of the
>business cycle, has just said that the U.S. may still be in the
>recession that began nearly two years ago.
>
>Either that, or we may have double-dipped into a new recession. ...

That's not exactly what they said. What they said was more like, "Uh, dunno yet. Evidence mixed." <http://www.nber.org/cycles/recessions.html>.

Doug



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