This chart compares the recent recession/expansion to previous ones (click on the chart to enlarge it).
It shows the recession was uniquely severe and long. There is no doubt about it.
The graphs also show the strength of the recovery. It is quite clear that the economy started expanding. Growth, however, has been lukewarm at best.
Production has been driving this expansion because of the inventory cycle, correctly anticipated in The Peter Dag Portfolio.
The big question is: what is going to happen when inventories are replenished?
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
Disclaimer. No material here constitutes "investment advice" nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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