The Recession Debate Is Over
There ain’t no recession.
The recession debate is over. It’s not gonna happen. Time to move on.
A US recession began in December 2007, a panel of economists charged with the official designation of business cycles said Monday.
The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) said it made the determination during a conference call on Friday.
Perhaps we'll quit listening to ex-junkie Reagan officials who push financial nonsense on-air. NBC Universal (Kudlow has a show on CNBC) is letting go 500 people, perhaps they ought to add a quality filter to those staff reductions.
Oh yeah, Kudlow also believes the downturn is the fault of poor people.