The NBER today released a report saying that December 07 was the peak of economic activity and we have been in a recession since, yet final GDP reports show that there was 4x more growth in Q2 2008 then Q4 2007.
Chase: The NBER today released a report saying that December 07 was the peak of economic activity and we have been in a recession since, yet final GDP reports show that there was 4x more growth in Q2 2008 then Q4 2007.
Seasonally adjusted to the previous year.
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