Entries tagged "NBER"
Rising M&A, better earnings, history and the debut of the Credit Suisse Fear Barometer all suggest the financial free fall that started in December 2007 may soon end.
It's not clear if the media is moving beyond Great Depression analogies, or if Depression chic is morphing into something new and even more absurd. In a recent Bloomberg News story about the National Bureau of Economic Research's pronouncement that the economy officially entered a recession in December 2007, a source offered a new name for the 2008 recession: "The Great Recession." ...
The bad news is, the recession started last December, according to the National Bureau of Economic Research. The good news is, the recession started last December. Given that the NBER historically proclaims a recession toward the end of an economic downturn, there is a chance that things may in fact get better in 2009. After 12 months of contraction, it remains remarkable that unemployment is only at 6.5%, which is relatively low when compared to prior recessions. Sadly, the credit crisis may have exacerbated the recession -- or at least the perception about the recession. After all, with unemployment...
