|| Print ||
|Monday, September 20, 2010|
By Bill Conerly
That nasty old recession is finally over. Turned out it was over June 2009. But now we know it officially. The arbiter of business cycles is a committee at the non-governmental National Bureau of Economic Research, which announced the decision today.
Their key statement was:
The committee decided that any future downturn of the economy would be a new recession and not a continuation of the recession that began in December 2007. The basis for this decision was the length and strength of the recovery to date.
So, they are not saying that things are great now, or that the outlook is rosy. Simply that if things turn down now, it's a new recession rather than a continuation of the old recession.
For the record, I explained the background on the NBER approach in an older post about the beginning of the recession.
The committee looks at a number of indicators, including the classic four coincident indicators:
|The Good Hacker|
|It's a Man's Man's Man's World|
|Downtime with the director of Barley's Angels|
|Fighting Fire With Fire|
|Shades of Gray|
|Labor groups hope franchisees will join fight against fast-food companies|
|Special fee to ship oil proposed|
|Jeff Bezos launches spaceship|
|General Motors pledges $5.4B in US plants|
|Under Armour innovation chief alive after Everest avalanche|
|Budweiser 'removing No from your vocabulary' label falls flat|
|Chipotle eschews GMO ingredients|
New conference aims to solve challenges, quell fears amid regulatory changes.
Tourism marketing supports entrepreneurship by attracting visitors to all corners of the state.
Beaverton firm's business intelligence platform rivals that of industry heavyweights.
Earlier this month CEO of Gravity Payments, Dan Price, disrupted the payment inequality discussion worldwide by compassionately raising the minimum salary for each one of his 120 employees to $70k and cutting his $1M salary down to $70k.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.