Good news! Not only is the Great Recession over, but it’s been over for 15 months, the National Bureau of Economic Research said today.
Although this announcement may seem a little tone deaf — like Geithner’s Welcome To The Recovery op-ed — the truth is in the numbers.
The economy hit trough in June 2009, based on 10 NBER indices. The recovery has slowed since then, but it would take a lot before reaching a technical double dip.