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Everything You Need to Know About Recessions
We’re currently sitting on the longest economic expansion in U.S. history. It’s not the largest in magnitude but in terms of rotations around the sun, we are now a few months past the previous record expansion which lasted from 1991 to 2001. The longest recession since WWII was the last one, clocking in at 18 months in duration. Since 1945, recessions have lasted an average of 11 months with a 2.3% average decline in GDP. Here’s something you probably didn’t know about recessions: image The stock market tends to perform reasonably well during the actual start of a recession until it’s officially done (as ... (full story)
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