Chart of the Day - Current recession longest since the Great Depression

Chart of the Day

While the stock market has rallied nicely since bottoming on March 9th, the economy continues to struggle. For some perspective on the current economic recession, today's chart illustrates the duration of all US recessions since 1900. As today's chart illustrates, the five longest recessions all began prior to 1930. The length of the current recession (now in its 18th month) is above average and the longest recession since the Great Depression.

Notes:
- Where's the market headed? The answer may surprise you. Find out right now with the exclusive & Barron's recommended charts of Chart of the Day Plus.

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Quote of the Day
"The hidden strength of the U.S. economy has always been the flexibility of our economy to devour the weakest and redeploy that financial and human capital to companies and industries that are great users of capital." - Tobin Smith

Events of the Day
June 14, 2009 - Flag Day
June 15, 2009 - US Open golf tournament begins (ends June 21st)
June 21, 2009 - Father's Day - First Day of Summer (North America)
June 22, 2009 - Wimbledon tennis tournament begins (ends July 5th)

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