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In 2008, this indicator didn't turn down until the recession was well underway.
by somebodythere 7y ago
In 2008, this indicator didn't turn down until the recession was well underway.
- rtkwe 7y agoWhat about earlier ones? 2008 was a recession because the bottom fell out of the credit market after the subprime bubble popped not because of larger trends so it makes sense that capital investments didn't decline until they just couldn't get credit.