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“Recession, Recovery or Growth?” Sep 27, 2010
The National Bureau of Economic Research now says the “Great Recession” ended in June 2009. But Warren Buffett disagrees. Last week, the “oracle of Omaha” told CNBC: “I think we’re in a recession until real per capita GDP gets back up to where it was before … we’re not gonna be out of it for a while, but we will get out of it.”
The US economy is still in “recovery” mode, not growth and expansion. If your business is growing or expanding, you’re outperforming the trend. If you’re still recovering, what are you doing to move beyond recovery?