US Has Been In Recession Since December 2007

The National Bureau of Economic Research said Monday that the US has been in a recession since December 2007. The NBER is a private, nonprofit research organization of academic economists who determine business cycles. The stock market took a dip on the news that reached double-digit percentages for some tech stocks.

Comments

thank goodness slashdot covers this.

[nimbius]

step aside intel 45 nanometer chipset, cloaking materials, telepathic controllers, and internet technology....its time for an economic recession story from the National Bureau of Economic Research.

you nerds can thank us later after you're done spending your way to patriotastic victory over the stock plunge and housing crisis.