PeakTrader.com

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PeakTrader said...

The U.S. Financial Conditions Index shows deterioration in Jul or Aug '07, before the recession began in Dec '07.

The U.S. was on a path to a mild recession, until Lehman failed in Sep '08.

A mild recession and slow correction of imbalances would've been better than a severe recession and sudden correction of imbalances, because of fewer idle resources.

The 2001 recession was so mild that it wasn't a recession based on annual per capita real GDP growth.

So, it could be said the U.S. had a 16-year economic expansion, from 1991-07, the longest expansion in the history of the U.S., by far (longer than the 1982-90 or 1961-70 expansions, which are the second and third longest expansions).