Friday, January 9, 2009

Charts comparing this and previous recessions

The Digerati Life has a post with charts of the current recession overlaid on the average of all previous recessions post-WWII.

It looks to me like this mess is going to last a long, long time. The best chart IMHO is unemployment which tracks very closely with the average. If we can avoid extraordinary unemployment (e.g. the equity market declines already appear extraordinary) we might be getting off easy.

58 comments:

  1. I found those charts very enlightening. We'll see what the future holds!

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  7. Heh. That makes me think of Rudy Giuliani moaning about Obama cracking down on all the Wall Street fat cats that were bailed out paying themselves bonuses was going to hurt the yacht dealers, high-end jewelry stores and ritzy restaurants in NYC. Seriously.
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  10. profesores particulares de francés en Santiago de Chilechristmas hampersIt looks to me like this mess is going to last a long, long time. The best chart IMHO is unemployment which tracks very closely with the average. If we can avoid extraordinary unemployment (e.g. the equity market declines already appear extraordinary) we might be getting off easy.

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