by Calculated Risk on 3/13/2008 02:14:00 PM

From the WSJ: Most Economists Say Recession Has Arrived as Outlook Darkens

"The evidence is now beyond a reasonable doubt," said Scott Anderson of Wells Fargo & Co., who was among the 71% of 51 respondents to say that the economy is now in a recession.
...
The economists also expressed growing concerns that a 2008 recession could be worse than both the 2001 and 1990-91 downturns. They put the odds of a deeper downturn at an average 48%, up from 39% in the previous survey.

Still waiting for ECRI and UCLA ...