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  • From 1855 to 2020, recessions lasted an average of 17 months. In the 20th and 21st centuries, the average recession has decreased to 14 months.
  • The US' longest recession lasted 65 months from October 1873 to March 1879
  • The US has gone through 13 recessions since WWII
  • The longest recession since WWII was the Great Recession
  • The shortest US recession was during COVID-19, from February to April 2020
  • Although economic struggles and the Great Depression marked the 1930s, the NBER-defined recession lasted from September 1929 to March 1933.
  • From 1855 to 2020, recessions lasted an average of 17 months. In the 20th and 21st centuries, the average recession has decreased to 14 months.
  • The US' longest recession lasted 65 months from October 1873 to March 1879
  • The US has gone through 13 recessions since WWII
  • The longest recession since WWII was the Great Recession
  • The shortest US recession was during COVID-19, from February to April 2020
  • Although economic struggles and the Great Depression marked the 1930s, the NBER-defined recession lasted from September 1929 to March 1933.
119 sats \ 1 reply \ @Scoresby 4 Aug
Weird how different the chart looks before and after 1933.
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Business cycle is for losers!
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21 sats \ 0 replies \ @flat24 9h
I recently read in an article. Where they mention that after the rupture of the gold standard, recessions became more frequent. and that the solution of governments for that problem was simply to print more money and inject money into the economy to encourage expense and economic activity (Keynesian model 🤮) and another thing they mentioned there, was that this way of solving the recessions only an momentary solution, and that we will then reach another recession, which end up solving in the same way, and promoting a constant cycle of increase in the monetary mass money and the false illusion that we are going forward, since sooner or later we fall into another recess.
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