As an additional note to the last post, on April 12 the CalculatedRisk blog had an interesting post titled “Recession Measures.” In it, he discussed key measures that the NBER uses to determine recoveries.
In the post he shows four charts, constructed in a “percent of peak” fashion. Here are the two that I find most notable (the other two not shown: employment and GDP/GDI):
Industrial Production, Percent of Previous Peak:
Real Personal Income Less Transfer Payments, Percent of Previous Peak:
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SPX at 1207.17 as this post is written