We mentioned the other day that the current recession has now been in effect for 18 months, having begun back in November 2007. That's pretty lengthy, as recessions go. In the postwar period, here are the dates and lengths of the previous times when America's economy has been in recession:
November 1948 - October 1949 (12 months)
July 1953 - May 1954 (11 months)
August 1957 - April 1958 (9 months)
April 1960 - February 1961 (11 months)
December 1969 - November 1970 (12 months)
November 1973 - March 1975 (17 months)
January 1980 - July 1980 (7 months)
July 1981 - November 1982 (17 months)
July 1990 - March 1991 (9 months)
March 2001 - November 2001 (9 months)
So you can see, we've already endured the longest American recession since World War II.
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