Recessions can move very slowly. Many of the more obvious effects of the 2008 crisis didn't happen until 2009 as the contagion spread outward. It is possible th

Recessions can move very slowly. Many of the more obvious effects of the 2008 crisis didn't happen until 2009 as the contagion spread outward. It is possible that the recession has already started even if the worst economic effects are yet to come. At the very least we are in the downward part of the cycle, and we have yet to see the next bottom.