Not that the American people needed any more proof that the current economy is in a recession, the National Bureau of Economic Research has concluded that the United States has been in a recession since December 2007.
That is 12 months of turmoil that the economy has suffered under W. Post World War II recessions typically last around 8 months but there was two times that it went as long as 16 months.
This current recession is the third longest and with no end in sight it may well challenge the 16-month mark. On the brightside if this recession is to be over anytime soon, it will happen over the next 4 months.
Read More »
