If I use an arbitrary set of prices, I can invent any relationship I want.
See that last recession? The recovery was long because Gray Davis bankrupted the pensions in Calizuela and it took four years of the Fed pumping asset prices to keep Calizuela afloat. We are still in serious trouble, one step away from Illinois.
In fact, note all the recessions seem coincident with federal regime change, making it look suspiciously like the Swamp is also bankrupt.
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