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Saturday, September 25, 2010

postheadericon The recession is over?

The recession ended in June ’09. You must now make your desired purchases and quickly spread the word before the November elections: It's over. Wow, we are finally out of the recession.

What does it mean to say we are out of a recession? Well the National Bureau of Economic Research (NBER) claims that it ended in June of 2009. There is clearly something wrong in an economy that is more than a year out of the recession, but in which the quality of life for individuals continues to diminish.

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