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Politics : Formerly About Advanced Micro Devices
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To: zzpat who wrote (1062047)3/23/2018 9:42:18 AM
From: longnshort  Read Replies (1) of 1576396
 
"There was a major recession in 1957-58, one about as severe, in terms of the drop in economic output, as the Great Recession of 2008-9. The 1958 recession was different in that it was nothing new. There had been a recession in 1949-50, another in 1953-54, and there would come another in 1960-61. Four recessions in eleven years—a dubious feat that has happened only twice since World War II. The other time was from 1970-81, the era of stagflation between the eras of the two foremost post-World War II presidents, John F. Kennedy and Ronald Reagan."
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