We’ve heard before that the recession started earlier than anybody had thought. Manufacturers Alliance/MAPI released the following today:
A Manufacturers Alliance/MAPI report argues that the current U.S. economic recession began as early as January 2008 rather than in the widely presumed latter stages of 2008.
In The 2008-2009 Recession Began One Year Ago,Chief Economist Daniel J. Meckstroth provided four data points to support MAPI’s contention that the recession started in January 2008 and that abrupt deterioration from the credit crunch in September 2008 merely dealt a final body blow” to economic …
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