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by dragontamer
1049 days ago
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National Bureau of Economic Research declares recessions in the USA. Always have. If they don't say it's a recession, it isn't one. ------ What is consistent is that the economists there declare recessions way too late in practice. I think they declared a recession dated in 2007 in the year 2009, when we were already recovering. So what we have are a bunch of internet bloggers who try to call a recession before the experts. But all that happens in practice is that the bloggers call a recession every 3 months since 2010 hoping that they're correct today. ----- If we are in a recession today, we will know for sure maybe next year. That's just how it works on this issue, and it's premature to call it any sooner. |
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