Not worth reading the rest of the article after reading the first paragraph. This idiot thinks the start of a recession marks an economy "peaking".
Fyi, according to the NBER dating committee, the recession started from March 2001 and ends in Nov 2001. And yes, they foresaw ur qns as I pasted below.
Q:The most recent data indicate that since November 2001, the unemployment rate has risen from 5.6 percent to 6.4 percent and payroll employment has fallen by almost a million jobs. How can the NBER say that the economy began an expansion in November 2001?
A: The NBER defines expansions and recessions in terms of whether aggregate economic activity is rising or falling, and it views real GDP as the single best measure of economic activity. Real GDP has risen substantially since November 2001. However, this growth in real GDP has resulted entirely from productivity growth. As a result, the growth in real GDP has been accompanied by falling employment. Unemployment has risen because of falling employment and because the labor force has been rising.
That is, you can't argue that the article is not worth reading based on "This idiot thinks the start of a recession marks an economy "peaking"."