September 22, 2010 – The verdict  is in: the National Bureau of Economic Research (NBER), a panel of the nation's leading economists who are looked upon to call the “official” starts and ends to recessions, said the most recent recession — what some pundits call “The Great Recession” — ended back in June of 2009.

That's not to say everything turned rosy in July of that year; that means the leading economic indicators hit their lowest points, and began to climb upward from that point. Indeed, I did not hear a lot of cheering or see dancing in the streets with yesterday's NBER's announcement — unemployment (and underemployment for that matter) remains too high, many businesses remain stressed, and many government programs are being cut. (Also, NBER added that any new downturn would be considered a new recession, not a continuation of the 2007-2009 downturn.)

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