Friday, December 5, 2008

US in Economic Recession since December 2007! It's Now Official!

Dear Friends,

Check out the video clip with good discussion by the CNBC team on the NBER declaration of economic recession.

US was officially in economic recession since December 2007, according to NBER (National Bureau of Economic Research), the official body defining a recession, from a different perspective, compared to the layman definition of two quarters of negative GDP Growth.

Best wishes,

Ooi

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