Dwahzon's Village

Recession for who?

In my mind it will have to go some before it matches the early 80's recession which in the upper midwest went longer and had a deeper impact than it did on the coasts. That's when much of the manufacturing belt became the rust belt. The 90-91 recession impact was definitely milder in the upper midwest than the 80-83 recession, in part because the midwesterners rebuilt their economy in a more conservative fashion and were less susceptible to the factors in the 90-91 downturn.

I say that as a simple observer with very little economic background so take it for what it's worth.

Here's who I worry about though. If you'll note on this graph, the bottom of the y-scale goes to -30. The blog post gives more background and the origins of the graph plus another graph.

posted by dwahzon @ 1:06 PM