Monday, July 5, 2010
Double Dip Recession?
The closest we've seen to a "double dip" was in the early 1980s - and the NBER dated those as two separate recessions...
Based on these graphs and the NBER memos, it would seem pretty easy to date two recessions in the early '80s. However, if another recession starts this year, it will almost certainly be dated as a continuation of the "great recession" that started in 2007.