Break out the party hats. Maybe.
The National Bureau of Economic Research has decided the recession is over. (It ended in June 2009, by their calculations).
The bureau threw in several caveats in its report released Monday, one of which is that this doesn’t necessarily mean the economy is better, or getting better. Just that it’s stopped bleeding to death.
It also technically erases the worry of a “double-dip” recession. According to the bureau, if we dip back into recession now, it would mark the start of a new recession, rather than a drop connected to the old 2007 recession. Got that?
Sort of like the difference between getting two slaps in the face from the same person, or one slap each from two people.