I’ve seen lots of headlines asking just that question and it’s kind of perplexed me. When did the old recession end? Yes, I know, under current definitions, the recession technically ends whenever there’s the slightest bit of economic growth. But tell that to all the people out of jobs. The real unemployment rate is still in the double digits, and the inflation rate using Volker-era calculations is still around 10%. (Sorry – the current inflation measure, which counts housing and not food nor gas, is useless from a consumer perspective).