Tuesday, December 2, 2008

Hot Off the Presses - Recession . . . Really?

The NBER has officially confirmed that a recession began in December of 2007.

Really? Considering that all the bulk of post 9-11 growth was real estate related and 40% of all jobs created were related to housing and HELOCs, the only ones that didn't know we were in a recession were Wall Street strategists and the clowns at the Fed!

http://biz.yahoo.com/ap/081202/meltdown_recession_analysis.html

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