Do You Believe That The Recession Ended Last June?

Reblogger Phil Leng
Real Estate Agent with Keller Williams Eastside Market Center 10694

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 RS294217 / RS295398

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.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Ambassador
1,807,632
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

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

September 20, 2010 09:25 PM #1
Ambassador
806,586
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

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 #2
Rainmaker
44,490
Carol West
Carol West Real Estate, LLC - Hillsboro, OR
Real Estate Agent, Hillsboro, Beaverton, Portland

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 #3
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
572,328

Phil Leng

Phil Leng Team - Residential Real Estate Experts &
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information