"This just in: The recession ended more than a year ago — in June 2009.
That may seem perplexing, given the sour state of the economy, but the panel of experts designating when serious economic downturns begin and end typically take a year or so to make the calls.
Even so, minutes after the experts announced Monday that the worst recession in more than half a century had officially ended 15 months ago, its members felt the sting of indignant reaction from a public for whom economic pain continues to be an everyday reality."
L.A. Times
I guess the party can begin now that the recession is over. Of course, it's been replaced by a DEPRESSION!
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