I take issue with the 15th month of a recession. At this time last year the stock market was well on its way to 14,000, the GDP was NOT negative, and we had less than 5% unemployment. Hardly a recession.
I think we were receding because of high oil prices at the time. IMHO the record high energy prices was the mechanism that pushed the foreclosure crisis off of the cliff.
You’re right, of course. Love how they try to slip in these zingers to cover Zero!