Do You Believe That The Recession Ended Last June?

Reblogger Phil Leng
Real Estate Agent with Keller Williams Eastside Market Center

Did the recession end?

Or is it the political machinations of an administration grasping for straws before an election?

What do you think?

It seems to be alive and well in my neck of the woods...

Phil

Original content by Jeff Rickert

The Great Recession is officially over fact or fiction? As I continue to read posts from all of you in AR is it really?

The panel of economists say that it is over. They say it is now officially the longest U.S. economic downturn of the post-World War II era. The recession ended in June 2009, 18 months after it began in December 2007, according to the National Bureau of Economic Research's business cycle dating committee.

But the committee took pains to make clear that it was not asserting that the economy has returned to full health.

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity, the committee said in statement published on the NBER's Web site. Rather, the committee determined only that the recession ended and a recovery began in that month.

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Ambassador
1,770,506
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Not in the least and I suspect that very few American's do.

September 20, 2010 09:25 PM
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Suzanne McLaughlin
Wright & Sherburne Counties Realtor
Sabinske & Associates, Inc. (Albertville, St. Michael)

I heard that on the little bit of national news that I heard tonight and nearly cracked up.  Really....it's over?  Well, it is about time.  When will the politicians and the top 2 percent of the wealthy get this news. Or are they the ones making this crap up?  The rest of us know better. 

September 20, 2010 09:26 PM
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Carol West
Real Estate Agent, Hillsboro, Beaverton, Portland
Carol West Real Estate, LLC

I still see businesses suffering and people holding back some. But, with that said, I am feeling a buzz in the air that wasn't there before, and traffic suddenly has become more congested. Some buyers are out looking more now as well.

September 20, 2010 09:27 PM
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Phil Leng

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