It is easy to forget that those recessions were also remarkably shallow.
Coincidentally, the Commerce Department also lowered its measure of corporate profits for 2000 by a whopping 10%.Despite lasting six months longer than originally thought, the 2001 recession was still remarkably mild by historical standards, shallower even than the 1991 recession that cost George Bush senior the election.
Lipstick is a remarkably recession-proof product: when times are hard, women will scrimp and save for it.
Despite the bursting of the stockmarket bubble, last year's collapse of corporate investment and the terrorist attacks, the recession has been remarkably short and mild.
For well over a decade Busta Rhymes has been remarkably recession-proof, outlasting dozens of artists he has collaborated with by being resilient, flexible and stylistically agnostic — there's no sound he has thumbed his nose at.
The collapse of Bernie Madoff's Ponzi scheme has dealt a devastating blow to Jewish philanthropy in particular, as so many wealthy Jews invested their money with him, hitting several charities very hard, including prominent non-profits such as Human Rights Watch.On the other hand, giving has proven remarkably recession proof, at least in America.
New York used to have a diverse, middle-class economy that was remarkably recession-proof.
While the tanking economy dealt a blow to billion-dollar fortunes around the world, the celebrity status of the very rich proved remarkably recession-resistant.
For all of the wealth Silicon Valley has produced, even since the recession, its businesses employ remarkably few people — about eight thousand at Facebook, for example — and those workers tend to come from elite backgrounds.
But during this recession consumer spending held up remarkably well and is unlikely to increase at a robust pace, especially because upper-income households are still feeling the pinch of stock market losses, Mr. Greenspan said.
