The screencap above won't mean much without the explanatory bits at the NYT; I'm just using it as a teaser to encourage you to go to the real graph. I can't embed it here because it has an interactive feature that will be apparent as you click on the numbers 1-9. It's well done.
Bottom line: compared to other economic cycles since the '70s, this one is more severe and would logically necessitate a longer recovery. The final component suggests that leading indicators are positive (but that doesn't exclude the possibility of a deeper bottom).
Via: The Daily Dish
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