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Topic:
Recession comparison tool
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paulg_68
Posts: 2,469
Registered: 2009-7-27 18:45:54
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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This was created by the Minneapolis federal reserve.
http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/index.cfm
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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Every recession that ended after Reagan took far longer to recover than before him.
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Sin_of_Onin
Posts: 1,307
Registered: 2005-6-29 08:21:12
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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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
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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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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It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
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Moe_Nox
Title: In Moe We Trust
Posts: 1,962
Registered: 2007-2-4 12:17:56
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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Exactly Shin, that has more to do with politics than reality.
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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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.
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Date Posted:
1/1/00 12:00am
Subject:
Recession comparison tool
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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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