It's official: We're in a recession.

[MysticCat]

Originally Posted by KappaKittyCat

So while the economic contraction has been felt by individuals all over for a long time now, I think we're just now entering our second quarter of actual GDP decline.

You know how those economists are such sticklers for rules...

There sticklers enough that they don't announce things until well after the fact. I believe that after the last recession, when the NBER accounced that the recession was "officially" over, the actual announcement was that the recesssion officially ended two years before the announcement was made.

These are people who will not be hasty.