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Welcome to the archived messages from In The 00s. This archive stretches back to 1998 in some instances, and contains a nearly complete record of all the messages posted to inthe00s.com. You will also find an archive of the messages from inthe70s.com, inthe80s.com, inthe90s.com and amiright.com before they were combined to form the inthe00s.com messageboard.
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Subject: When did the early 90's recession start?
Written By: batfan2005 on 09/18/06 at 5:22 pm
Does anybody remember when the early 90's recession officially started, was it 1990 or 1991?
Subject: Re: When did the early 90's recession start?
Written By: Tanya1976 on 09/18/06 at 7:16 pm
neither around 1988/89
Subject: Re: When did the early 90's recession start?
Written By: Chris MegatronTHX on 09/18/06 at 8:37 pm
yeah 1989 sounds right to me.
Subject: Re: When did the early 90's recession start?
Written By: rich1981 on 09/18/06 at 10:20 pm
The stock crash "Black Monday" in 1987 was probably the first sign of the coming recession, but it was in full swing the year or two later.
Subject: Re: When did the early 90's recession start?
Written By: Foo Bar on 09/18/06 at 10:33 pm
Does anybody remember when the early 90's recession officially started, was it 1990 or 1991?
Correct! A recession requires two or more successive quarters of declining GDP (Gross Domestic Product). In the US, the recession you're talking about started in 3Q90 and ended in 1Q91.
http://www.nber.org/cycles/
The popular buzzword at the time was "jobless recovery" - and much like the (1Q01-4Q02) recession of 2001, the man on the street felt like the recession started a lot earlier, and lasted a lot longer, than it actually did.
Economist: Man on the street
Slowdown: When people lose their jobs.
Recession: When someone you know loses his/her job.
Depression: When you lose your job!
Black Monday was a nasty correction in stocks -- but it was the best buying opportunity of the 1980s. There were recessions elsewhere in the world. The US economy was pretty shaky. But it didn't (technically) fall into recession.