Articles tagged Recession | Indecision2008

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December 1st at 1:52PM

That Recession That Isn't Going to Happen Is Happening

Hey, remember that supposed "recession" that was supposedly going to happen that all you whiners were whining all about for the past year or so.

Well, it turns out that all economic experts were right. There's nothing at all to worry about. A recession is not going to happen. No way! Because the recession already started, like, a year ago or something...

The evidence of a downturn has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the call for the history books, waited until now to weigh in.

In a statement released Monday, the members of the group's Business Cycle Dating Committee -- made up of seven prominent economists, most from the academic sector -- said that the economy entered a recession in December 2007.

See? Don't you feel silly now?

I can't wait to collect on all the bets I made as soon as everyone I know gets some jobs.