Wednesday, August 14, 2013

among post WWII recoveries the Great One busts all prior cost records

look at this table

Cost of recessions and recoveries (% previous peak annual GDP)

THE GREAT ONE
IS ALREADY ABOUT   1. 4   TIMES
                       AS COSTLY
 AS THE COMBINED ACCUMULATION
  OF
     THE  INFAMOUS  DOUBLE  CRUNCH
                                                         OF  HERR VOLCKER