Quote:
Originally Posted by Redux
Recessions are generally considered over when sustainable gdp growth is achieved over a period of 12-18 months (or 4-6 quarters).
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And that type of recession is the third type - a type directly traceable to massive economic mismanagement. Other type recessions are not as severe and not as long.
Historically, jobs do not start coming back until quarters after the recession has ended. Jobs are a lagging indicator. And lost due to massive fiscal mismanagement typically four and more years earlier.