US consumer confidence in surprising fall from six-year high | Business | theguardian.com
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Economists caught by surprise? Has that ever happened before?
only when it wasn’t unprecedented
That trillion dollar stimulus (that no one ever saw) really got the economy humming.
Obamba
http://www.workbook.com/wp/wp-content/uploads/2013/02/jasonseiler1.jpg
You can compare this “recovery” to prior recoveries at the Minneapolis Fed’s website. Default is showing the recovery but there’s also a comparison of full recessions available. Has both employment and economic output and you can check off which recessions to view.
http://www.minneapolisfed.org/publications_papers/studies/recession_perspective/
Even going back to the full history of the US, recessions were typically short. They used to be sharper declines, but would return very sharply as well which is why older people think of riding out the recession. Because that’s what used to happen.