Correction then, we DID come back from one of only a handful of RECESSIONS in US HISTORY
from Investopedia, a source that FINRA recommends for its broker/agent licensing:
Aside from two consecutive quarters of GDP decline, economists assess several metrics to determine whether a recession is imminent or already taking place. These indicators are divided into two categories: leading indicators and lagging indicators. Leading indicators materialize before a recession is officially declared. Perhaps the most common leading indicator is contraction in the stock market. Declines in broad stock indices, such as the Dow Jones Industrial Average (DJIA) and Standard & Poor's (S&P) 500 index, often appear several months before a recession takes shape. This was the case in 2007, when the market began declining in August, four months ahead of the official recession in December 2007.
Lagging indicators of a recession include the unemployment rate. Though the Great Recession began in December 2007, the unemployment rate still indicated full employment -- a rate of 5% or lower -- four months later. The unemployment rate began declining in May 2008 and did not recover until several months after the recession ended in June 2009.
Read more: Recession http://www.investopedia.com/terms/r/recession.asp#ixzz4rrI0FG72
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just more 'liberal lying' though, I guess
Edited by
msharmony
on Tue 09/05/17 06:38 PM