They finally did it. The National Bureau of Economic Research today declared an official end to the Great Recession. The group announced that “a trough in business activity occurred in the U.S. economy in June 2009.” According to NBER, the recession lasted 18 months, the longest in the post-World War II period. The previous records–16 months–were set in 1973-75 and again in 1981-82.
Daily Archives: September 20, 2010
FUND CHOICES & STRATEGIC PERSPECTIVE
Two ETFs bit the dust last week—deservedly so. What was Geary Advisors LLC thinking when it launched state-focused ETFs? One targeted Texas stocks, the other held Oklahoma companies. Whatever the investment merits (and they were spare, at best, in my opinion), the marketplace has rendered its verdict. Apparently there are some products that are over the top, even in finance.