Welcome to today's edition of "Are You Smarter Than An Economist!"
Economists have recently declared that we have been in a recession for the last year.
Right off the top of my head I can think of a half dozen friends and family members who are unemployed. Headlines in the last year have featured dozens of huge corporations are either going under or laying off tens of thousands of people. Anybody out there besides me who thought there might be a recession going on in the last year?