The Long Recession

It's bad enough that the recovery has been so slow and weak that most feel we are still in recession, but the anemic growth rate also means our current recovery is extraordinarily fragile. 

Research from the Federal Reserve found that since 1947 when two-quarter annualized real GDP growth falls below 2%, recession follows within a year 48% of the time. Right now we are at 1.65%, putting the economy firmly at risk.

And when year-over-year real GDP growth falls below 2%, recession follows within a year 70% of the time. Again at 2.3%, we are dangerously close to stall speed.