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Aren't you glad that's over? Arbiters at the National Bureau of Economic Research say the...

Aren't you glad that's over? Arbiters at the National Bureau of Economic Research say the recession officially ended in June 2009 - at 18 months, the longest downturn since World War II. The point marks the trough in activity and the beginning of an expansion, though economic activity is "typically below normal" in the early stages and "sometimes remains so well into the expansion."
Comments (21)
  • bbro
    , contributor
    Comments (10467) | Send Message
     
    Conspiracy theories anybody???
    20 Sep 2010, 10:48 AM Reply Like
  • User 489326
    , contributor
    Comments (272) | Send Message
     
    The Bears are taking a moment to prepare their rebuttal.
    20 Sep 2010, 10:49 AM Reply Like
  • citizen y
    , contributor
    Comments (19) | Send Message
     
    Good one, Maybe their life depends on using spinning bogus data.
    20 Sep 2010, 11:00 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    too busy short covering
    20 Sep 2010, 11:22 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Useless stat of the year.
    20 Sep 2010, 10:50 AM Reply Like
  • Barry Crocker
    , contributor
    Comments (454) | Send Message
     
    The research took nearly as long as the downturn.
    20 Sep 2010, 10:53 AM Reply Like
  • Anjum
    , contributor
    Comments (77) | Send Message
     
    So if it took them 15 months to declare it was 'officially' over, how long before they realize its not over ??
    20 Sep 2010, 10:54 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Any new downturn would be a "new" recession to the sothsayers - I suppose that's the point.

     

    As long as govts can monitize unlimited sums, bailout everyone, I suppose that's "growth" (just not the kind I can believe in).
    20 Sep 2010, 10:59 AM Reply Like
  • bbro
    , contributor
    Comments (10467) | Send Message
     
    When the Dow is 2000 or 3000 points higher???
    20 Sep 2010, 11:01 AM Reply Like
  • Anjum
    , contributor
    Comments (77) | Send Message
     
    Oh yes ... the dow ... by that yardstick, economy can 'grow' twice as fast if all the US companies cut their workforce by another 10% and reduced credit growth further. That would give us higher 'earnings' and a higher dow ... problem solved :)
    20 Sep 2010, 11:17 AM Reply Like
  • bbro
    , contributor
    Comments (10467) | Send Message
     
    I know Dow...that is so yesterday...showed my age...
    20 Sep 2010, 11:41 AM Reply Like
  • Terry330
    , contributor
    Comments (870) | Send Message
     
    LOOK at US stock markets for past two weeks.
    20 Sep 2010, 11:14 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    I was curious as to why the market bounced up so much today just after 10 am - thinking how could a bad NAHB housing index do this?

     

    BBRO, the "conspiracy" is that some trades look to have been made before this data was released - bear or bull this certainly is odd. At 10 am 1% move on no news?

     

    Hold on, I just had to readjust my tinfoil hat, the beams were coming in.

     

    Coincidence? I guess if you knew this was coming out and you knew it would be received positively you might expect to be able to take advantage of the "bounce".
    20 Sep 2010, 11:26 AM Reply Like
  • bbro
    , contributor
    Comments (10467) | Send Message
     
    I got my name in italics!!!
    20 Sep 2010, 11:42 AM Reply Like
  • nyuszika45
    , contributor
    Comments (633) | Send Message
     
    No conspiracy, per se; The Establishment wants us to believe one thing while real data gathered elsewhere indicates something else. The only new thing may be that the sheen on the credibility of The Establishment may be tarnishing severely; or people may be opening their eyes and brains rather than merely believing what they are told to believe.

     

    The market? It has been doing those strange gyrations off and on for almost 22 months. Knowing what is behind it is not public knowledge.
    20 Sep 2010, 11:53 AM Reply Like
  • allycatt2
    , contributor
    Comments (78) | Send Message
     
    Today's POMO is over, Brian Sack has just injected a record for QE Lite $5.2 billion in stock, in order to complete all the elements of today's orchestrated Obama Town Hall meeting, during which the president is now fully expected to announce that he not only managed to end the recession singlehandedly (what an opportune time for the NBER to announce its results), but that stocks are now ripping every single time he appears on TV (same goes for gold, oil, and pretty much everything else: and furthermore, Treasurys are unchanged, $5 billion today, add another $6 billion on Wednesday and Friday, lever up 30 times and you have some $300 billion in free buying given to the Primary Dealers so they can ramp the S&P to 1,150 by the end of the month. Job well done Mr. President. Too bad nobody but Wall Street and a few HFT prop desks care about the stock market any more.
    20 Sep 2010, 11:54 AM Reply Like
  • radicall
    , contributor
    Comments (534) | Send Message
     
    Oh finally NBER! Now we can oficially use the term "double dip" for something other than nasty habit of putting food in sauce twice.
    20 Sep 2010, 11:56 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    no wonder, i've seen so much inflation in the past few years
    20 Sep 2010, 12:14 PM Reply Like
  • Jeff Nielson
    , contributor
    Comments (2464) | Send Message
     
    Garbage in, garbage out.

     

    Obviously their conclusion is utterly meaningless - since it is based upon data with no connection to the real world.

     

    "U.S. Now Openly Fabricating Statistics"
    www.bullionbullscanada...
    20 Sep 2010, 12:19 PM Reply Like
  • allycatt2
    , contributor
    Comments (78) | Send Message
     
    Increasing foreclosures, jumbo foreclosures, credit delninquencies, student loan bubble, rising gold, volume diminishing week over week and falling off and expiry of jobless benefits at an increasing pace for 99'ers. Like many here Deflation is chasing us and these unprecedented media spins, currency manipulations, postponement of shadow inventory and monetization have made every global market entirely reliant upon manipulation to survive. How on Earth do they believe they can ween the bankers off the monetary cocaine? Keep drinking your Kool-Aid Bulltards.

     

    Even with fictional accounting legalized the earnings just will not even come close to matching these prices.
    20 Sep 2010, 12:43 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1180) | Send Message
     
    "Ministry of Govt Propaganda" hard at work!
    20 Sep 2010, 03:57 PM Reply Like
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