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It’s Official. We're in a Recession

And we have been since the beginning of the year
By Maureen O'Gara
Article Rating:
December 5, 2008 10:30 AM EST
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 1,341

The Business Cycle Dating Committee of the National Bureau of Economic Research, a private non-profit research organization that determines such things based on broad and more precise measurements than most, said Monday that the U.S. is in a recession and has been since the beginning of the year. The Dow Jones industrial average dropped 680 points after the news started circulating. Now we have to get out of this thing before it turns into the Great Depression 2.0.

Published December 5, 2008 – Reads 1,341
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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