According to economists, since 1854, the U.S.A. has encountered 32
cycles of expansions and contractions, with an average of 17 months of
contraction and 38 months of expansion. However, they have been shorter
and much less common in recent years. Since 1980, there have been only
four r
Harvard Expert Says US Economy In Recession's Grip
By Bloomberg
03/16/08 "Gulf News" -- - Atlanta: Harvard University economist Martin
Feldstein, a member of the group that dates business cycles in the US, said the
nation has entered a recession that could be the worst since World War II.
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