Sometimes a generation seemed to be burdened with nothing but recession. As a matter of fact the USA from 1864 to 2009 experienced 33 recessive cycles including the Great Depression.
The average contraction lasting 16 months.
The contraction began to diminish in its length to trough from onset as the yeas went by.
From 1854 - 1919 (16 cycles) the average contraction was 22 months.
From 1919 - 1945 ( 6 cycles) the average contraction was 18 months.
From 1945 - 2009 (11 cycles) the average contraction was 11 months.
You don't have to take my word for it, the link at the title to this entry has a graph I found interesting.
The average contraction lasting 16 months.
The contraction began to diminish in its length to trough from onset as the yeas went by.
From 1854 - 1919 (16 cycles) the average contraction was 22 months.
From 1919 - 1945 ( 6 cycles) the average contraction was 18 months.
From 1945 - 2009 (11 cycles) the average contraction was 11 months.
You don't have to take my word for it, the link at the title to this entry has a graph I found interesting.
