12 April, 2010

Recession Not Over?

From that radical right-wing rag, the New York Times:

A committee of economists, charged with determining the official turning points in the nation’s business cycles, certifies the beginnings and ends of recessions. But this time, the committee members say, the evidence is not so easy to decipher.

The committee announced Monday that it cannot yet declare an end to the recession that began in December 2007.

NYT: Recession Arbiters, Wary of Certifying an Upturn

For what it's worth, CMI's latest chart seems to bolster the idea that we are in a shallow recession:

Source: Consumer Metrics Institute

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