Time marches on relentlessly. From birth to death of a human being, or any living creature, the passage of time is a constant rhythm, never ceasing to make forward progress. Try as we might to slow the relentless tick of
The National Bureau of Economic Statistics has declared that the recession ended in June 2009, eighteen months after the downturn began in December 2007. The recession was the most severe since the Great Depression of the 1930s both in terms of duration and contraction in GDP. Fifteen months after the recession ended, GDP has yet to achieve the peak levels of the prior expansion and unemployment remains elevated. The Wall Street Journal’s article covering this topic includes relevant statistics and graphs that put the recession in historical context. Read this article for additional commentary and analysis.
Warren Buffett is not buying into projections of an imminent “double dip” recession and sees a broad based economic recovery ahead. Berkshire Hathaway’s diverse collection of operating companies gives Mr. Buffett a unique view into the health of the overall economy and he has frequently commented on overall economic conditions over the past few years. Read this article for more details.