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We could be out of this recession before we're in it

The thing about a recession is we can be out of one before we even knew we were in one.

This is an economic concept that even Yogi Berra - the Baseball Hall of Fame catcher and manager famous for his malaprops - could appreciate.

Declaring an official recession is up to the Business Cycle Dating Committee of the National Bureau of Economic Research, a private, nonprofit, nonpartisan research organization.

But the R-bomb is being dropped a lot these days by pundits and journalists, although that doesn't mean we're actually there.

Still, this economic downturn sure feels like a recession.

I got some insight last week from Richard A. Weiss, chief investment officer and executive vice president at City National Bank, about where we might be in this cycle and when the downturn might end. He offered one indicator that the end of bad economic times is near   Read Full Article...