DONALD LUSKIN: No Recession in 2008

Posted on 09/08/2010
Category: Economics, Worst Predictions
Tags: ,
"[A]nyone who says we're in a recession, or heading into one -- especially the worst one since the Great Depression -- is making up his own private definition of "recession." And probably for his own political purposes."
Expert: Donald Luskin
Prediction Date: 14 September 2008
Verify Date: 1 January 2009
Outcome: Incorrect
In December 2008, the National Bureau of Economic Research (NBER) declared that the United States had been in recession since December 2007.

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