Financial Crises and Recoveries

In a recent opinion column, Michael Bordo explains that financial crises in the U.S. have not necessarily been followed by weak recoveries. I like the evidence they present.

http://online.wsj.com/article/SB10000872396390444506004577613122591922992.html

Michael Bordo: Financial Recessions Don't Lead to Weak Recoveries

The evidence since 1880 shows a faster pace of recovery. The Obama years are the exception.

 

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