Monday, December 8, 2008

It's Official! We're In a Recession

Yep. The group tasked by the Federal Government with determining whether or not our economy is in a recession has agreed with what most analysts have been saying all along. We’re in a recession.

Here’s a clip from their news release:

The NBER — a private, nonprofit research organization — said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December.

Folks, it only took them 12 months!

So I’m going to look at the bright side of this. We’re already 12 months into it!

Remember, chin up and smile!

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