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Nice chart. Another observation is that the frequency of recessions is lower over the last twenty-five years or so. As someone who has observed the development of econometric modeling from the early mainframe stage, I think that this improvement is more than a coincidence.

Your results are good to keep in mind when reading opinions by those who look into the distant past for their comparisons.


Good post. When you look at long term charts like this it makes you realize how lucky we are to live in the 1980's to now. The economic environment has been extraordinary compared to other eras. Will it last? Time will solve that mystery I guess.

Beach Boomer

Hopefully this data bodes well for the recovery from this most recent recession.

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