sovereignman.com / Simon Black / October 5, 2016
In the modern history of the US economy over the past seven decades, the longest period of time the country has gone without a recession was 10 years.
Since the end of World War II there have been 11 recessions in the United States of America, so the average time in between recessions is 6 years and 5 months.
The average length of recession was 336 days; the longest recession in modern history was 18 months in 2008-2009, and the shortest was 6 months in 1980.
And whenever a recession hits, the all-knowing, all-powerful Federal Reserve attempts to stimulate the economy by cutting interest rates, typically multiple times.
The smallest interest rate cut was 2.03% during the 1990-1991 recession.
The largest interest rate cut during a recession was 9.84% during the 1981-1982 recession.
The average interest rate cut during a recession is 4.03% based on sixty years of Federal Reserve data.
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