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Author Topic: Recession comparison tool [Locked]
paulg_68  4 stars
Posts: 2,469
Registered: 2009-7-27 18:45:54
This was created by the Minneapolis federal reserve.

http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm

 

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Allstarslacker  3 stars
Posts: 757
Registered: 2006-5-23 20:09:28
Every recession that ended after Reagan took far longer to recover than before him.

Sin_of_Onin  4 stars
Posts: 1,307
Registered: 2005-6-29 08:21:12
This is actually a good website and helps do a decent job demonstrating the serious nature of the recession. Also look at the Clinton/Bush 9/11 recession and recovery. That is a rather telling thing as well. The economy never really recovered the way we wanted it to after that recession and then the next recession came.


We are still in a new period which is defined by globalization, growing debt, higher healthcare costs, and higher energy prices which started based on a lot of choices that Clinton made.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Good find.
B_Shinkicker  3 stars
Posts: 519
Registered: 2002-2-24 01:12:47
When you compare all eleven recessions on one line graph, it is amazing that what we're going through now isn't called a Depression instead.

 

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Moe_Nox  4 stars
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
Exactly Shin, that has more to do with politics than reality.

 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
Depression doesnt have a standard definition like Recession does.


It is associated with the 1930's event and while the current economic situation is bad, it is really not even close to the economic damage in the 1930's. This is the reason most people arent using the term right now.
B_Shinkicker  3 stars
Posts: 519
Registered: 2002-2-24 01:12:47
I think the standard definition in 2012 is: If you are working, it is a Recession. If you are unemployed, it is a Depression.

 

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It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti

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