Repeat after me “Recessions are rare and it takes a lot to tip US economy into recession”
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There have been 13 recessions since World War II, roughly one every 6 years. The last one was in 2020, about 5 years ago.
Of course the term can go much longer, and there have been entire decades where it hasn’t happened, but I don’t think I’d qualify 13 of them as “rare”.
Three of them have been what I would call “severe”: the Great Recession of 2008, the OPEC embargo recession of the 70’s, and the double recession (with interest rates) of 1980. Some would count the post-WWII recession of 1947 as severe, but I was barely alive so don’t remember.
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Not 13, but 11, since you used the word “since”, so I removed the 2 recessions in 1945… Joking aside, Post 1982, there were 4 recessions only. Often there is a major shock to the economy that caused the recession, i.e., i.e 4 recession in the last 43 years, This period is more relevant.
1990 - Oil Shock
2000 - dot.com bubble bursting
2007 - Great Financial crisis
2020 - COVID
Depends which source you choose. Some say 11, other say 13 or 14.
**[NetSuite] lists 14 recessions in the post-Great Depression era, which includes the 1953-1954, 1957-1958, 1960-1961, 1969-1970, 1973-1975, 1980, 1981-1982, 1990-1991, 2001, 2007-2009, and 2020 recessions
Like I said, I ignored the 45 recessions.. but the number is irrelevant because we are not living in 1940’s economy. The real relevant data is since 1982…
If you look at the period, 1945 ~1982 there are 10 recessions that is one in every 3~4 years… You can expect we are going back to that era, but I don’t see anything in the data.
Our doubts are traitors, and make us lose the good we oft might win, by fearing to attempt - Shakespeare
