Archive for the 'recession' Category

How bad is the recession, really?

By John Burke | Related entries in Economy, recession, Stimulus

Two days ago, the Commerce Department reported that during the fourth quarter of 2008, real gross domestic product decreased at an annual rate of 3.8%. Bad news, to be sure, but in a sense, not so bad, since most economic forecasters had been expecting a more severe drop of 5% to 6%. In virtually all […]

February 1st, 2009 | Permalink| 4 Comments »