Saturday, February 07, 2009

Don't look down

Don't want to freak you out, but have you seen this?



Via John Cole and Time.

5 comments:

docker said...

You might be curious to read this or this - or at least look at the versions of this chart at those sites.

One thing they all show is that the last recession (the 9/11 recession) was the longest. So this one still could be the deepest. Time will tell.

Anonymous said...

I think economic experts are pretty much unanimous that it will be much deeper and longer than any of the others on that chart.

Anonymous said...

OK, I just glanced at those links. The 80-81 recession was an artificial (but necessary) creation of the Fed to end stagflation. Interest rates were cranked up to control inflation, than cranked back down again to create the '80s boom. To try to compare this to a worldwide collapse of the financial system is absurd.

Stanley Jason Zappa said...

You should send this to D-Listed--it's totally "hot slut of the week" material...

Anonymous said...

Yeah, yeah...look I'm not the one who raised the subject.