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RECESSION DATING….Me, back in February:

When NBER eventually gets around to dating the 2008 recession, when will they decide it started? My money is on December 2007. And when will they date the end? I’d guess March 2009.

NBER, today:

The nation’s economy peaked, and the recession began, in December 2007, the National Bureau of Economic Research announced today.

….The committee concluded that the start of the recession was December 2007 — due in large part, it said in a statement, to the decline in jobs that began that month. But it noted that many other data points confirm the diagnosis.

“The committee determined that the decline in economic activity in 2008 met the standard for a recession,” the group said in its statement. “Evidence other than the ambiguous movements of the quarterly product-side measure of domestic production confirmed that conclusion. Many of these indicators, including monthly data on the largest component of GDP, consumption, have declined sharply in recent months.”

Advantage: blogosphere!

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IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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