Monday, September 20, 2010
The Recession is Over, Christine O'Donnell is Not a Witch ... So I'm Going to Disneyworld !
Diane Sawyer just told me the recession ended in June of last year and Christine gave up being a witchy woman 20 years ago. What would we do without Diane and all the other names we can trust giving us the news?
The Wall Street casino surges, the champagne is flowing and little children are dancing in the street.
The National Bureau of Economic Research, a private, nonprofit economic think tank is the one who started the excitement with their new report. The NBER brags that they have had 16 researchers who won Noble economic prizes including Paul Krugman in 2008. They also spend a lot of time and money in Behavioral Economics.
Source Watch has a little on NBER's funding. All from foundations. One notable is the Scaife Foundations. Of course the Rockefeller Foundation is also a long time contributor.
The longest post World War II recession is over and the NBER should know.
Also in other breaking news .....