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Comments on: Why the US recession may be the worst in recent history http://www.tvhe.co.nz/2009/02/09/why-the-us-recession-may-be-the-worst-in-recent-history/ The Visible Hand in Economics Mon, 09 Feb 2009 20:35:01 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/02/09/why-the-us-recession-may-be-the-worst-in-recent-history/#comment-13452 Mon, 09 Feb 2009 01:45:54 +0000 http://www.tvhe.co.nz/?p=2823#comment-13452 Super, thanks Paul – interesting link.

]]> By: Paul Walker http://www.tvhe.co.nz/2009/02/09/why-the-us-recession-may-be-the-worst-in-recent-history/#comment-13450 Sun, 08 Feb 2009 23:49:58 +0000 http://www.tvhe.co.nz/?p=2823#comment-13450 Check out the comments from Justin Fox here.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/09/why-the-us-recession-may-be-the-worst-in-recent-history/#comment-13446 Sun, 08 Feb 2009 22:50:31 +0000 http://www.tvhe.co.nz/?p=2823#comment-13446 Hi Eric,

Indeed, you are correct to question the use of absolute values and the comparison to recent recessions.

The purpose of my post was to illustrate that its looking worse than the most recent, shallow, recessions. I guess I haven’t made that clear (I thought the term “recent history” was indicating that – but maybe not) – I might try to put an update in that does make that clear.

]]> By: Eric Crampton http://www.tvhe.co.nz/2009/02/09/why-the-us-recession-may-be-the-worst-in-recent-history/#comment-13445 Sun, 08 Feb 2009 22:47:24 +0000 http://www.tvhe.co.nz/?p=2823#comment-13445 It might be nice to have percentage changes rather than absolute, and it might be nice to have a few other recessions rather than just some recent shallow ones for comparison. Of course, you’re just giving somebody else’s picture here, but why did they give absolute rather than percentages, and why did they pick those recessions? Hmmm.

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