Macro Economist: Ts Lombard and Time Frame

macro economist: That era is called, a bit bleakly, the Long Depression, and stretched from 1873 to about 1896, depending on the country, according to Market Watch. TS Lombard Caption outside of wrapper for normal article images The U.S., for example, was in recession from October 1873 to March 1879, a stretch that remains the longest downturn on record, and which was followed by four more recessionary periods, for a total of 161 months, or over 13 years, in contraction during that time frame. It comes from Dario Perkins, global macro economist for TS Lombard, who, in a Wednesday note, described the historical period he thinks most resembles the current moment. The panic of 1873 was arguably the first truly international crisis, Perkins explained. A financial crisis kick-starting a long period of economic malaise may also sound familiar, but Perkins is more interested in other features of the depression. It began in central Europe with the collapse of the Vienna stock market, then spread to the United States after the failure of the banking house of Cooke and Co. over its investment in the Northern Pacific Railroad. (news.financializer.com). As reported in the news.