I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Sunday, 5 October 2008

Brief History of Recessions

The anxiety we feel about rising prices, plummeting home values and a weak dollar is real. But perhaps we should take comfort in the fact that, historically, recessions are relatively short and they're usually followed by long periods of prosperity.

That's the core message of this interactive chart tracking the past 60 years of U.S. business cycles, as determined by the National Bureau of Economic Research's Business Cycle Dating Committee. Imagine seven economists discussing what small percentage changes in real income and wholesale production mean, and you've got a sense of the Business Cycle Dating Committee. These seven people are the somewhat-official arbiters of recessions.

more ...

Check out the rest of this blog here.
blog comments powered by Disqus

Warren Buffett Watch

Amazon UK Picks