"It’s Official: Recession Started One Year Ago"

New York Times
"Any serious market recovery would require a determined response from global governments, he said, but investors have lots of questions about how the policy measures that have already been announced will work." - NYT



The Boston Globe
"The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER -- a private, nonprofit research organization -- said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December." - BG