The economy fell into recession late last year, according to a panel of economists that is responsible for determining the dates of business cycles.Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U.S. recession began in December 2007.
I'm so glad we have all these geniuses to let us know these sort of things...a year later...after we already knew! Thank goodness! Oh yeah, the Dow fell 680 points today. I caught that on CNN when I was walking out of work today. Hell, thank goodness I have a job to walk out of these days.
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