Friday, July 2, 2010

We're the Red One, Redux

In We're the Red One, I mentioned that I couldn't find the original graph that was on the cover of Investor's Business Daily.  Then Nicole said she really preferred that graph, and I would find it if I loved her.

With this alignment, you can see that we eased into this recession more slowly than most previous recessions, but then it just kept getting worse.

When you hear people worrying about a double-dip recession, they are talking about something like what happened in 1948.  In that recession, the first bottom was at month 10, followed by a short recovery and a deeper bottom at month 13.

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