This is underappreciated but perhaps the greatest accomplishment of modern-day economists.
graph via Lee Coppock
Sid Prabhu John Arnold Lee Coppock The US has been that guy in Vegas on day 2 of a 3 day bachelor party weekend who starts pounding drinks at 8am and says, 'The fastest way to cure a hangover is to drink some more.'
It is going to be one brutal hangover. Just need that one failed Treasury auction.
Does this mean that recessions don't do any long-term harm? Or just a coincidence? (first graph from Lee Coppock)
John Arnold Lee Coppock Recessions are a Republican thing these days.
β10 of last 11 recessions started under Republican presidents.
β42 of the 50 quarters in recession since 1949 (84%) were under Republican presidents.
Republicans, its time to stop voting against your own economic interests!
Chasing recessions is an expensive strategy for investors.
This great chart by Lee Coppock made me think and I decided to write a blog on how investors should deal with this
More -> stenoresearch.com/steno-signals-β¦
New edition of Coppock and Mateer happened to be delivered to my office on my birthday! Thanks for birthday present, Lee Coppock π
Lee Coppock The old NBER monthly dates probably aren't useful to compare with modern dating. For example, Joseph Davis' industrial production index suggests most of the 1870-1899 recessions were shorter or didn't happen
jstor.org/stable/3875107