The Recession Ended in June 2009

[whell]

http://blogs.wsj.com/economics/2010/...-in-june-2009/

So, the start of the recession = Bush's fault.
The end of the recession = Bush's fault.

Or, so it should seem if we're consistent in how we characterize such events.

Or, is this more evidence that we truly have no idea how to correctly measure / classify economic activity?

Thoughts?

[noonereal]

yeah, that's it!

be happy

[BlueStreak]

The point where it stopped getting any worse?

Dave

[whell]

And, if the Recession is truly over, someone must have forgotten to tell my pitiful home state of Michigan:

Michigan Unemployment = 13.1%

[noonereal]

Originally Posted by whell

And, if the Recession is truly over, someone must have forgotten to tell my pitiful home state of Michigan:

Michigan Unemployment = 13.1%

I remember back when Ronnie threw the country into a tail spin. It was a recession for most but the wealthy never skipped a beat.
I would suggest that a similar thing is happening today. The middle class is firmly still in the grasp of a recession, corporations are not.
Probably we need two reports going forward to truly understand the economy. One which gages the health of the upper 5% and another that gages the economic health of the rest of us.
As to your "interesting" source all I have to say, be happy!

[BlueStreak]

Originally Posted by whell

And, if the Recession is truly over, someone must have forgotten to tell my pitiful home state of Michigan:

Michigan Unemployment = 13.1%

Mississippi has you beat = 14.1%.

Dave

[noonereal]

Originally Posted by BlueStreak

Mississippi has you beat = 14.1%.

Dave

yeah but that's Mississippi

that's near it's all time low

[whell]

Originally Posted by BlueStreak

Mississippi has you beat = 14.1%.

Dave

No way!

http://www.google.com/publicdata?ds=...60000:ST280000

Give us some props when we deserve it, will ya?!

[BlueStreak]

Originally Posted by whell

No way!

http://www.google.com/publicdata?ds=...60000:ST280000

Give us some props when we deserve it, will ya?!

My bad. I was thinking of Nevada at 14.4%.

http://www.lvrj.com/business/nevada-...103275189.html

The one that surprised me was Ohio at 10.4%. Better than I had expected.

And South Dakota at less than 5%? Well, I guess if only twenty people live there and one loses his job...............

Dave

[Boreas]

Originally Posted by whell

And, if the Recession is truly over, someone must have forgotten to tell my pitiful home state of Michigan:

Michigan Unemployment = 13.1%

And California, with more than 10% of total US population, is at 12.4%.

John