Ben Says the Recession (May) be OVER!
The Federal Reserve Chair, Ben Bernanke, has stated emphatically that the recession is most likely over.
What does the statement MEAN???
Well, retail sales are increasing, consumers are buying some, and so production is most likely higher. Real Gross Domestic Product is probably increasing (Consumption, Investment, Government Spending plus Net Exports).
Unemployment almost ALWAYS peaks later than the end of the recession. The latest recession before the current one had the longest time period until the peak of any since World War II ended. Expectations are that the current recession's unemployment figures will be most likely similar. The highest unemployment rate will more than likely come some time in 2010.
Two articles available are at Bloomberg.com here and the New York Times.com here.
What does the statement MEAN???
Well, retail sales are increasing, consumers are buying some, and so production is most likely higher. Real Gross Domestic Product is probably increasing (Consumption, Investment, Government Spending plus Net Exports).
Unemployment almost ALWAYS peaks later than the end of the recession. The latest recession before the current one had the longest time period until the peak of any since World War II ended. Expectations are that the current recession's unemployment figures will be most likely similar. The highest unemployment rate will more than likely come some time in 2010.
Two articles available are at Bloomberg.com here and the New York Times.com here.
Comments