From WalletPop.com: Is the recession over yet? Not until I say so
By John Rowa, Marketing & Sales Coordinator | Monday, April 12th, 2010 23:08 UTC
The newest columnist on our favorites list, Ann Brenoff, released a great piece on WalletPop.com about the alleged recovery of the US economy. Using common sense that seems to be disavowed by government-sponsored politicians, bankers, economists, etc, Ms. Brenoff hits the nail on the head when it comes to the renewed interest in calling the recession over.
Brenoff in response to today’s NBER “official” release.
From WalletPop.com:
This high-falutin’ committee wasn’t ready to officially pronounce us out of the economic woods today. But unofficially, the answer to whether the recession is over resides a little closer to home. Simply put, if you’re still asking the question, it probably hasn’t ended for you personally — which frankly, is the only answer that really matters at the end of the unemployed day.
Full Story
Wall St. and Central Bank-types alike continue to be completely skewed in their view of if and when the recovery happens because it simply does not affect them like it would affect the every day person.
We can only speculate when the economy will truly recover, but using the most simple of indicators in employment growth (that is not generated by the government) to find the end of the recession is still the best and most sincere way of measuring strength and growth in US and global markets.
Ann Brenoff , NBER , recession , walletpop 
April 12th, 2010
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