For those of y'all looking for a conspiracy of elitists and academics...

nsacpi

Expects Yuge Games
look no further than the NBER "Business Cycle Dating Committee."

No they aren't trying to date anyone.

The committee’s meetings are not publicized. They’re held in a closed-door conference room on the third floor of the Cambridge, Mass., office building where NBER is headquartered. They don’t meet on a fixed schedule: Board Chairman and Stanford economist Bob Hall is responsible for calling the meetings.

“The committee does not announce its meeting schedule, and that’s something we don’t talk about,” Poterba said.

Jim Poterba, the CEO and President of the NBER, was a professor of mine way back in the day. Which makes him even older than me!

The eight economists on the committee are among the most respected in their field. Some have served in Democratic administrations, but past members have also included GOP appointees. In addition to Poterba and Hall, the members are Christina Romer and David Romer of the University of California at Berkeley; James Stock, of Harvard; Robert Gordon, of Northwestern; Valerie Ramey, of the University of California at San Diego; and Mark Watson, of Princeton.

Anyhow it is an elite group of academics and experts. Caveat emptor.

https://www.washingtonpost.com/us-policy/2022/07/27/who-decides-recession/
 
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