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  • The NBER was founded in 1920.Setting starting dates for economic events is a big part of what they do; the site explains a lot of their reasoning, including the deviation from the 'two consecutive quarters' definition that so many of us have come to understand.http://wwwdev.nber.org/cycles/dec2008.htmlFor the record, the CBER also shows that the U.S. Economy had pulled out of its recession in 1991
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