Quote:
Originally Posted by whell
In the 16 U.S. recessions since 1919, the average length has been 13 months, although the recent recessions have been shorter. Thus if the 2008 recession followed the average, the downturn in the stock market would have bottomed around November 2008. The actual US stock market bottom of the 2008 recession was in March 2009.
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Wow! Five whole months!
None of the previous recessions was anywhere near this severe, not since 1929, and none were accompanied by the hideously suicidal obstruction that the Republicans are engaging in.
John