Eye Crosser #1, determining the beginning and end of economic cycles

This is my first “eye crosser” as I will call them. Every so often I’ll run across something that will help us understand the four (4) W’s, i.e. when, where, why, who. Maybe even a “how” every now and then.

The Business Cycle Dating Committee of the National Bureau of Economic Research met by conference call on Friday, November 28. The committee maintains a chronology of the beginning and ending dates (months and quarters) of U.S. recessions. The committee determined that a peak in economic activity occurred in the U.S. economy in December 2007. The peak marks the end of the expansion that began in November 2001 and the beginning of a recession. The expansion lasted 73 months; the previous expansion of the 1990s lasted 120 months. NBER.ORG

There’s an FAQ at the bottom of the article from which the above quote was taken. The FAQ may answer some of your “burning questions” that reading the article may raise.

I wonder how an artist such as Chagall or Calder, or  name your own modernist sculptor or painter, would depict our Great Recession. Who painted “The Scream?” Was it Edvard Munch? I think Edvard gets my vote.  Anyway, you get the idea.
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Complicated

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3 thoughts on “Eye Crosser #1, determining the beginning and end of economic cycles

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