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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (82202)	9/7/2010 11:42:30 AM
From: Road Walker	Respond to of 149317

Answer my own question... but still don't think it's common. A W-shaped recession or "double dip" recession, occurs when the economy has a recession, emerges from the recession with a short period of growth, but quickly falls back into recession. The Early 1980s recession in the United States is cited as an example of a W-shaped recession. The National Bureau of Economic Research considers two recessions to have occurred in the early 1980s.[4] The economy fell into recession from January 1980 to July 1980, shrinking at an 8 percent annual rate from April to June of 1980. The economy then entered a quick period of growth, and in the first three months of 1981 grew at an 8.4 percent annual rate. As the Federal Reserve under Paul Volcker raised interest rates to fight inflation, the economy dipped back into recession (hence, the "double dip") from July 1981 to November 1982. The economy then entered a period of mostly robust growth for the rest of the decade. en.wikipedia.org

To: Road Walker who wrote (82202)	9/7/2010 12:28:07 PM
From: tejek	Respond to of 149317

The Early 1980s recession in the United States is cited as an example of a W-shaped recession. As you noted, there was a double dip in the early 1980s and according to the article I read last week, that's the only one in 100 years and the circumstances were very different back then......serious inflation where we are more worried about deflation. But you know what....it doesn't matter what the truth is......the press likes the drama of a double dip.