NBER finally made its statement and we are in an official recession.
Apparently economic activity peaked in December 2007.
Posts Tagged ‘Recession’
It’s official… We are in a recession
Posted in Economy, Financial Markets, Investment, Stockmarket, tagged Recession, US Economy, US recession on December 1, 2008 | 1 Comment »
First it was Real estate, then sub prime mortgage, then credit crisis, later recession, now it is stagflation
Posted in Investment, Stockmarket, Thought-Trails, tagged Binge lending, Dollar Value, Flight of Capital, Investments, Main Street, Real estate crisis, Recession, Stagflation, Subprime Crisis, US Economy, Wall Street on December 15, 2007 | Leave a Comment »
It was in March 2007, that S & P/ Case – Shiller Home price index first mentions deep trouble in Real Estate industry. To his credit, Robert Shiller made the correct call on real estate bubble back in 2005, at its peak. Over the past nine months, we moved from real estate bubble bursting to [...]
