Graph: Current Recession vs. Previous Ones

Posted in Buying, Market Conditions, Renting, Selling, Uncategorized on December 14, 2009 at 12:02 pm

“IT’S A RECESSION WHEN YOUR NEIGHBOR LOSES HIS JOB; IT’S A DEPRESSION WHEN YOU LOSE YOURS.”– Harry S. Truman.

Very true words indeed – and last week brought some market action when Fed Chairman Ben Bernanke discussed the recession, commenting that our economic recovery still faces “formidable headwinds.” As you can see in the chart below, the current recession we have been in has been the longest in nearly half a century.