Posts Tagged ‘recession’

Notes From Underground: NBER plays TOMMY; BENNY turns on the monetary jets

September 21, 2010

In what must be the results of being rendered deaf and dumb by the credit implosion of the last 36 months, the National Bureau of Economic Research has declared that the recession has ended. It must be great to be an employed economist. In what world do these analysts live and the bigger question is why does it matter what they declare?

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