It's Official

The panel that decides when a recession starts says it started in Dec 07, same month as this message was posted

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20081201&id=9416026

>Which economics experts are predicting a U.S. recession?
>
>>Very well could be, borrowed money, borrowed time
>>
>>But likely to take a few years until the stuff really hits the fan, and since most of us are getting up there in age, most likely will be the problem of the next generation. In the short run, we will enter recession, let the dollar slide even more, and continue to transfer our wealth to those that want to take us down. At some point, they will stop buying our bonds (loaning us money) and the house of cards will collapse.
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>>Just this last hiccup in subprime could have collapsed the economic system if it were not for the fed and other central governments pumping in hundreds of billions in liquidity (printing money) which will only work in the short run.