The National Bureau of Economic Research announced Monday (September 20, 2010) that the recession, which had begun in December 2007, was over in June 2009. The 18-month recession was the longest economic downturn since the Great Depression. The announcement has been met with great skepticism since the economic recovery has been very unbalanced. Here's how I see the breakout:
Recession is over
Recession hasn't ended
The economic recovery seems to have been mainly in the area of business so far. As the recovery expands dimensionally, more will view the recession as truly over.
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This is not financial or economic advice. Please consult a professional advisor.
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