Make your argument based on your analysis of the given charts. Discuss timing and depth of changes in the economic data relative to recessions in at least 50 words.
The timing and depth of changes in the economic data are relative to the recessions overtime because of the declines that the housing market and increase in volatile levels. In the 2008 recession, the housing market projected a decline before the recession started and continued to progressively decline once the recession started. With the rise of the market today, a decline could be on the way which could trigger economic issues. The volatile levels in the 2008 recession skyrocketed to 62.7 percent which impacted the economy negatively.Although recessions before 2008 did not see high market volatile levels, the 2020 recession did. The global pandemic played a role in the downfall of the economy and this fluctuated the volatile levels to a high of 57.7 percent. Recessions are not the easiest economic event to predict, but being aware of changes in timing and depth in the economy can help stabilize or prepare for a recession.