"A recession is when your neighbor loses his job. A depression is when you lose yours."
HARRY S. TRUMAN
8
7 reads
CURATED FROM
IDEAS CURATED BY
Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this post I want to bring you closer to the different phases of the economic/business cycle. I will try to keep things simple and easy so you guys can understand the concept and see it in current or past developments.
“
Similar ideas
Naming a recession
Recessions are really "depressions," but the term "depression" seems too terrifying. After the Great Depression, economists began to use the word "recession" instead.
The 2007-09 recession involved a financial crisis, high unemployment, and falling prices, and was named the Great Reces...
Myths are important and dangerous
The single greatest danger for a founder is to become so certain of his own myth that he loses his mind.
But an equally insidious danger for every business is to lose all sense of myth and mistake disenchantment for wisdom.
Time-frame of a typical recession
The average length of recessions is 17.5 months. The long-term average covers the 1873 recession that lasted 65 months. It also includes the Great Depression, which lasted 43 months.
Since WWII, recessions have become less harsh, lasting an average of 11.1 months. In part, it is b...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates