It's Official: Economy is in a Recession

The National Bureau of Economic Research (NBER) said today, December 1, 2008, that the U.S. economy has been in a recession since December 2007. News worthy? Yes, but only a year late. Most Americans have realized this since July/August 2008; and, if you had been tracking my posts just since January 2008, you would have been keenly aware of the dire economic and financial problems facing the U.S.