From: Jean Roth <jroth at nber.org> Date: September 20, 2010 10:36:28 AM EDT To: cycles at nber.org Subject: NBER's Business Cycle Dating Committee Announces June 2009 Trough Date
Dear Business Cycle Announcement Subscriber,
The NBER's Business Cycle Dating Committee announced on September 20 that the U.S. economy reached a trough in June 2009, making the 18-month recession that began in December 2007 the longest in the post-war period. Further details are provided in the committee's announcement (www.nber.org).
^^^^^^
Happy Days Are Here Again ( and have been for a year) [Music and Lyrics by J. Yellen and M. Ager]
So long sad times Go long bad times We are rid of you at last
Howdy gay times Cloudy gray times You are now a thing of the past
Happy days are here again The skies above are clear again So let's sing a song of cheer again Happy days are here again
Altogether shout it now There's no one Who can doubt it now So let's tell the world about it now Happy days are here again
Your cares and troubles are gone
There'll be no more from now on
>From now on ...
Happy days are here again The skies above are clear again So, Let's sing a song of cheer again
Happy times Happy nights Happy days Are here again!