Mertex
Cat Lady =^..^=
- Apr 27, 2013
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I don't know who wrote your article, but the NBER lists the recession of 2000 as having started in March of 2001. Since they are the ones that keep track of such information, I'm going with their information rather than your "Free Republic". There was some talk about maybe changing the date to Nov 2000 back in 2004, (link below), but here it is 2016 and it wasn't changed, so no, your article doesn't hold water. Nice try, though.Opps you're right for a change, I got two articles confused, this one was the one I meant to post.
The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession. The determination of a peak date in March is thus a determination that the expansion that began in March 1991 ended in March 2001 and a recession began. The expansion lasted exactly 10 years, the longest in the NBER's chronology
The Business-Cycle Peak of March 2001
The business cycle dating committee of the National Bureau of Economic Research, a private research group, will soon decide whether or not to change the starting date of the latest recession from March 2001, its current estimated starting month, NBER spokeswoman Donna Zerwitz told CNN/Money.
She added that, while the revision could be as dramatic as moving the starting date of the recession all the way back to November 2000, it could also be less drastic -- moving the date back to February 2001, when payrolls outside the farm sector peaked, for example, according to Labor Department measures.
Committee may push back recession start date to 2000 - Jan. 22, 2004
Only problem, I guess you don't understand what constitutes a recession. The slowdown started in earnest Jan 2000 and continued throughout the year, a recession is 3 months of negative GDP growth which started Nov-Dec 2000, even if it didn't start till Mar as you say, the downhill slide is on billy boy. He went from a high of +5.6% GDP growth to a negative in his last 2 years. Of course your dear leader is slapping his self on the back for +2%, proving he ain't no wild willie.
A peak marks the end of an expansion.......and the beginning of a recession.
Definition of Peak:
The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, begin to fall.
Read more: Peak Definition | Investopedia http://www.investopedia.com/terms/p/peak.asp#ixzz3y32hF1c2
What's so hard to understand about that? Employment and new housing started to fall in March of 2001.....not Jan 2000. You're desperately trying to shift the recession over on Clinton and the facts don't support you. You need to just accept what the NBER says....they're the experts, not you.