Quote:
Originally Posted by jyl
Most recessions are over by the time the NBER declares them....
Well, the stock market typically troughs out 6 to 9 months, more or less, before a recession ends. So, if history is a guide, the market might bottom out in 3 to 6 months....
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The problem is, what's going on is not really about a "recession."
We are experiencing the first stages of a fiat
currency collapse.
Money is such a vitally important tool in the economy, that its collapse (actually its "destruction" due to government policy) creates massive disruptions in the economy.
You can't compare past recessions with what is happening now. We are in uncharted territory; the best comparisons would be to look at hyperinflations that have occurred in other countries.