Showing posts with label Reference. Show all posts
Showing posts with label Reference. Show all posts
Tuesday, August 3, 2010
The Living Yield Curve - Investing - Bonds - SmartMoney.com
This link shows how interest rates, as represented by the shape of the yield curve, have changed month by month between March 1977 and the present.
What is the official definition of recession?
According to the Business Cycle Dating Committee of the NBER (National Bureau of Economic Research), here's the official definition of recession:
"A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
"A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
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