NBER: Recession Began in December 2007
I was wrong. I thought the National Bureau of Economic Research would date the beginning of the recession in May of 2008. The committee today pinpointed December 2007.
I understand that selection since that’s when employment peaked. The reason for my later date was that GDP numbers continued to look decent through the second quarter. I didn’t think the committee would “overrule” that data, but I guess they did.
NBER Announces December 2007 Peak in Economic Activity
Next question: When will it end?
Posted by Eddy Elfenbein on December 1st, 2008 at 1:42 pm
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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TSLA and MSFT both -4% AH
ATHs today for JPM, MS and BK
today's newsletter https://cws.substack.com/p/cws-market-review-january-28-2025
Nice earnings from Stryker. $4.01 vs 3.87 est.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 