Paper Economy - A US Real Estate Bubble Blog

Monday, April 12, 2010

Recession Dating Done Right

Despite all the disappointment expressed today by the bullish traditional media over the NBER announcement to postpone the decision to declare the trough month (i.e. the end) of the Great Recession, the NBER Business Cycle Dating Committee made the correct choice to wait for the data to settle.

Given such phenomenally weak trends and the recent and ongoing end of many major government stimulus efforts it would have been premature to call the end of the recession.

Further, in the last few months we have seen the most significant leading force of weakness, home prices, fall from the artificially propped levels of mid-2009 back down the lows (below the lows for many markets) seen in 2009 leading to additional stress for the household sector and a significant surge in foreclosure activity.

Even further still, the employment situation continues to be exceptionally weak with a third of all states showing double-digit unemployment rates and at least 5 states showing continuously increasing double-digit unemployment rates.

Labels: , , ,

Copyright © 2013
PaperEconomy Blog - www.papereconomy.com
All Rights Reserved

Disclaimer

3 Comments:

  • The international situation is a big factor right now. I'm not sure if it's helping or hurting us.

    By Anonymous Dagger, at 1:27 PM  

  • Even further still, the employment situation continues to be exceptionally weak with a third of all states.

    By Anonymous Dating, at 3:31 PM  

  • 3 piece suits is the best suit for your company dress attire or direct contact at 1888-7848872

    By Anonymous wedding suits for men, at 10:37 AM  

Post a Comment



Links to this post:

Create a Link

<< Home


 
Top Real Estate Blogs Blogarama - The Blog Directory Check Google Page Rank