Wednesday, April 20, 2011

The End of the Great Recession Confirmed

According to James Hamilton (Econbrowser) “the most recent U.S. recession began in 2007:Q4 and ended in 2009:Q2.” A conclusion already reached by April 30, 2010 here .

It is worth to have a look at the article about “The Econbrowser Recession Indicator Index” that presents a graph showing the recurrence of recessions every ten years, in 1970, 1980, 1990, 2000, and just before 2010 (the 2007-2009 one). There is one notable exception: 1974-1975.   

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