Tuesday, March 11, 2008

US recession: the end of the argument

US recession: the end of the argument

The US is in recession. There’s simply no pretending otherwise – unless of course you're the chairman of the Fed, or one of the many fund managers with your future mortgaged to the US stock market. And the decoupling theory has been completely debunked. As the US slows, so slows the world...

Posted by damien @ 11:03 AM (476 views)
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One thought on “US recession: the end of the argument

  • Officially, a recession in the U.S. is announced by the NBER (National Bureau of Economic Research), an independent, non-profit research organisation that was founded in 1920.

    Of course the recession always starts prior to official recognition and it does indeed look like growth has probably gone negative in the U.S. and unemployment, which has shrunk for two consecutive months for the first time since May-03 is usually a lagging indicator the quarterly moving average has also dipped below 0).

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