A friend and reader wrote to me:
You may already have done this, but if not, I desperately need a visual way to show people what a V-shaped recession looks like in terms of the L-shaped depression/recession we’re in.
And I sent her the panel below. I hope she finds it useful!
A tale of two business cycles: 1981-86 & 2007-13
Sat, 04 May 2013 13:34:56 GMT