R.I.P Great Recession!

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With yesterday’s release of the 2010 Q4 GDP data we finally waved goodbye to the deepest U.S. recession since WWII. As shown in the graphs below, courtesy of Bespoke Investment Group, after 11 straight quarters below peak levels the chain weighted GDP number at last hit a new all-time high.

Source: Bespoke Investment Group, January 28, 2011.

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