When looking at a historic depiction of U.S. GDP over 20 years, it is fairly hard to avoid noticing the business cycle. The lighter line showing the year over year change in the annual rate of GDP reveals fairly regular periodic oscillations:
Real GDP growth, % change, annual rate
Source: Lombard Street Research
Note the red circles above indicate economic recessions.
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Quote of the Day: ”
The art of leadership is saying no, not saying yes. It is very easy to say yes.”
–Tony Blair, British PM