It's official: Recession since Dec. '07

It's official: Recession since Dec. '07

money.cnn.com

NEW YORK (CNNMoney.com) -- The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of the economy .

(visit the link for the full news article)

So they are finally making a matter of public record. Will this make the markets now plunge even further?

This article states that "The current recession is one of the longest downturns since the Great Depression of the 1930's."

I wonder what lessons from the past we can learn to make this as short as possible....

money.cnn.com
(visit the link for the full news article)

Well the market only lost 7.7%... Only that.

Here in Canada, we lost 9.40%... we're being raped.

But I made about 30% in profit today, without shorting.

[edit on 1-12-2008 by Vitchilo]