No Shit Sherlock

By Fester:

The National Bureau of Economic Research (via Marketwatch) is only a year late and several dollars short on stating the obvious:

The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER.

Just try finding a job during the past year....