The Recession

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2 total messages Started by Tracy Monaghan Wed, 23 Dec 1992 00:20

#738

Author: Tracy Monaghan
Date: Wed, 23 Dec 1992 00:20

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It's now official.

The economic recession officially ended....


                   MARCH 1991!!!




The Center for Business Cycle (?), the official arbiter of economic
trends, has declared that the latest US recession ended in March 1991,
and we have been in a recovery ever since.

That recession turned out to be one of the shortest and shallowest
recession on record.  No one (until now) knew that it had ended because 
the recovery was less robust [sic] than previous recoveries.


GO FIGURE  ;^)

Re: The Recession

#754

Author: Richard Wojcik,snake
Date: Wed, 23 Dec 1992 16:56

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In article 9978@u.washington.edu, monaghan@cac.washington.edu (Tracy Monaghan ) writes:
>The Center for Business Cycle (?), the official arbiter of economic
>trends, has declared that the latest US recession ended in March 1991,
>and we have been in a recovery ever since.

For their next trick, they will show how people can be resurrected from the dead
by defining life in just the right way.  Sort of like defining employment in 
terms of reduced claims for unemployment benefits.  Statistics can be a wonderful
comfort in times of trouble.  ;-)

-----
Disclaimer:  Opinions expressed above are not those of my employer.

    Rick Wojcik   (rwojcik@boeing.com)   Seattle, WA

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