• By Owen Thomas
    Dec 1, 2008 3:00 PM 1,714
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    Recession officially a year old

    What, now they tell us? A recession is not a recession until the number-driven meritocrats of the National Bureau of Economic Research declare it to be one. And now they have. The current recession actually began a year ago, in December 2007. The past 11 months? Blissful ignorance. [MarketWatch]


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