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Talk:Financial Crisis of 2008 (view source)
Revision as of 10:00, December 23, 2008
, 10:00, December 23, 2008how to date a recession
::*Well, you are a little ray of sunshine this morning, aren't you? :p Fair enough on the naming. --[[User:TK|₮K]]<sup>[[User_Talk:TK|/Talk!]]</sup> 07:58, 6 December 2008 (EST)
::*Well, you are a little ray of sunshine this morning, aren't you? :p Fair enough on the naming. --[[User:TK|₮K]]<sup>[[User_Talk:TK|/Talk!]]</sup> 07:58, 6 December 2008 (EST)
==definition of recession==
The NBER is the nonpartisan agency that declares the timing of business cycles--and it has been for 80 years. They use multiple criteria, which gives much more precision (not the simplistic one of two quarters' decline). Note that the START of a recession is actually a high point, from which the economy begins a downward trend. That happened 12 months ago. For more details see [http://www.usatoday.com/money/economy/2008-12-01-recession-nber-statement_N.htm NBER statement] [[User:RJJensen|RJJensen]] 05:00, 23 December 2008 (EST)