Ritholtz catches a good one.
As I read the second paragraph of their brief statement, I’m left wondering if the NBER is angling for the (very real, IMO) possibility of a double-dip — which in this case they might well consider one long recession, notwithstanding a “short period of expansion.”
Well, NBER statements are as apocryphal as were those of "Bubbles" Greenspan. But either way, it doesn't seem encouraging.
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