Here is some breaking news.
We’re in a recession.
And, have been since December 2007.
The National Bureau of Economic Research (NBER), charged with officially designating business cycles, made the startling revelation on Monday.
I’m sure glad they cleared that up.
With unemployment rates skyrocketing, the corporate bailouts, major retail stores going bankrupt, and the plethora of foreclosures, I was starting to believe that we were in the midst of a boom – silly me.
In other startling news, I walked outside this morning and realized there is a sky.
That was simply an amazing revelation.
All I have to do now is wait for the official announcement.
The Wizard has spoken.
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