Ongoing

Yesterday's post noted that there sure seems to be a lot, lately, about the economy.

A Los Angeles Times article on that same subject indicates why that is probably the case: It's five years since the end of the Great Recession. In the United States, at least, the recession itself lasted about 12 months: Q3 2008 to Q2 2009, and this moment here is the end of Q2 2014, five years later.

Which is an odd place to put a reminder. Most people don't usually have markers for when recessions begin and end, unless there's a very specific event to tie it to. One started as the dot-com era ended in 2000. The Oil Shock started in October 1973, with the Yom Kippur War.  Those rare situations aside - and note that those are the starts of recessions, anyway - people really don't remember when they happen, exactly.

Still, it's clear that the end of the recession didn't make everything better.