three graphs :
notice the interval below the strangulation red line
for wage target proxy aka core inflation
note the spikey temperament of this series
like new england weather
wait a moment and it changes qualitatively
this suggests no relation between depth of contraction and rate of reovery
nb
properly goosed and squoozen you could make
the inventory swings in a contraction and recovery
look like completely gratuitous
slap stick hook and ladder rear end antics
