Powerful Production

Industrial production (IP) is now less than 1% below where it was before the start of the Great Recession. The decline in production was 17%, and so far it’s taken us 70 months to almost recover. By comparison, it took 50 months to return IP to where it was before the 2000 recession and 89 months to recover after the Depression, when the decline in production was a staggering 54%.

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