It's now official, says the National Bureau of Economic Research. The seven "Wise Men" announced today that the economy entered a recession back in December 2007. The "Wise Men" are seven economists on the NBER Business Cycle Dating Committee. They included a woman, Christina Romer, but she resigned last Tuesday after President-elect Obama announced her appointment as head of his Council of Economic Advisers.
Data from the Bureau of Economic Analysis last Tuesday showed that the United States has...
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