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NBER is useful?

How is the NBER useful to our economy if they only view data retrospectively and announce 6-18 months after the fact whether we are in a recession or not? Why would they have the say as to if we are or are not in a recession? Textbooks say 2 negative quarters of GDP. NBER comes out 6-18 months later and says, yeah that was or was not a recession? Seems useless to me. What do you think?

Submitted August 02, 2022 at 09:22PM by mrkwilson59
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