Yeah, they used to be far more common before the advent of modern central banking policy in the 1970s and 1980s, even though you’d actually expect the opposite to happen, all else being equal, because of the way recessions are defined. By only looking at GDP growth, it ignores population growth.
On the other hand, GDP, even on a per capita basis, has become increasingly less useful for defining recessions since productive capacity isn’t really what is lacking in any modern developed economy.
Us recessions 1900-2000 listed by year they started:
1902 1907 1910 1913 1918 1920 1923 1926 1929 1937 1945 1953 1957 1960 1969 1973 1980 1981 1990.
After 2000:
2001 2007 2020, and 2026 apparently.
Yeah, they used to be far more common before the advent of modern central banking policy in the 1970s and 1980s, even though you’d actually expect the opposite to happen, all else being equal, because of the way recessions are defined. By only looking at GDP growth, it ignores population growth.
On the other hand, GDP, even on a per capita basis, has become increasingly less useful for defining recessions since productive capacity isn’t really what is lacking in any modern developed economy.
🔮✉️My next guess are; 2029 2034 2037 2040 and 2044!
The Ron Paul Recession Picker Strategy