Did You Know?

The Great Recession of 2008 lasted 18 months...the longest recession since 1960. Before, the average recession lasted 11 months. Even so we know we are in a recession only in hindsight. So, beware of so-called experts predicting stock markets' direction and recession's lengths.

The National Bureau of Economic Research (NBER) states the average recession in the USA since 1854 lasted 17 months. But since World War II, the average was 10 months.