Quote:
Originally Posted by ADL Colin
So Ron Paul's prediction in 1983 that a recession was coming was really the one that started July 1990? http://www.nber.org/cycles/
Oh, come on. There were 20 recessions in the 20th century. One every 5 years. It was 7 years from Paul's prediction until the next recession. Just at random you would do better than that. Paul was wrong in '83.
Unemployment in 1989 was never higher than 5.4%. It is quite obvious that the recession started in July of '90 when unemployment started trending upward. not in 1987. Not in 1989.
Let's not forget the 1990 recession was one of the shortest and weakest on record; lasting only 8 months. As far as 1987 the US of course never went recessionary. In fact unemployment fell pretty much in a straight line from 1983 to 1990 and it is clear as to why the NBER choose July 90 for the start of the short, weak recession of 1990 |
how dishonest can you be? how many recessions in the last 25 years?
And it started in July 1990 out of nowhere? It all started in 1987..
did you miss the part in the article I posted where it says:
http://www.nationmaster.com/encyclop...980s-recession
"The first burst of the recession was short-lived, as fervent activity by the government leading up to elections in both the United States and Canada created
what many economists at the time saw as an economic miracle a growing consumer confidence and increased consumer spending almost single handedly lifted the North American economy out of recession."
"It soon turned out that the quick recovery was
illusory, and by 1989 economic malaise had returned."