>one where the recessions have been periodic, getting deeper over time and continued cycles, From [1], a list of US recessions: "The National Bureau of Econom

>one where the recessions have been periodic, getting deeper over time and continued cycles, From [1], a list of US recessions: "The National Bureau of Economic Research dates recessions on a monthly basis back to 1854; according to their chronology, from 1854 to 1919, there were 16 cycles. The average recession lasted 22 months, and the average expansion 27. From 1919 to 1945, there were six cycles; recessions lasted an average 18 months and expansions for 35. From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months. This has prompted some economists to declare that the business cycle has become less severe. Many factors that may have contributed to this moderation including the establishment of deposit insurance in the form of the Federal Deposit Insurance Corporation in 1933 and increased regulation of the banking sector. Other changes include the use of fiscal policy in the form of automatic stabilizers to alleviate cyclical volatility. The creation of the Federal Reserve System in 1913 has been disputed as a source of stability with it and its policies having mixed successes. Since the early 1980s the sources of the Great Moderation has been attributed to numerous causes including public policy, industry practices, technology, and even good luck." [1] https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...