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To: MythMan who wrote (410220)9/20/2010 8:04:37 PM
From: Giordano Bruno1 Recommendation  Read Replies (1) | Respond to of 436258
 
While this is meaningful?

From NBER:

The Business Cycle Dating Committee of the National Bureau of Economic Research determined that a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the recession that began in December 2007 and the beginning of an expansion. The recession lasted 18 months, which makes it the longest of any recession since World War II.

In determining that a trough occurred in June 2009, the committee did not conclude that economic conditions since that month have been favorable or that the economy has returned to operating at normal capacity. Rather, the committee determined only that the recession ended and a recovery began in that month.

And how were we able to get this non-recovery, recovery? The federal government from exhibit D.3 of the recent Federal Reserve flow of funds report.