Quote:
Originally Posted by ADL Colin
As far as over what period to determine an average length between recessions 25 years is way too short for a number that averages less than 10. I prefer to look over a century. Even over the past 25 years you have the 91, 01 and current recession. That's 3 in 25 years = 8 years which doesn't make him any more accurate (91-83 = 8!)
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but the 2001 recession was caused by 9/11... no economists could have taken credit for that prediction... so more like 2 recessions economists could have take credit for over 25 years... Hardly something easy to do...