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From peak to trough, the waves yawned 25 feet.
He added, "We went from peak to trough so quickly".
GDP fell from peak to trough by 15%.
From peak to trough more than 8m jobs were lost.
From peak to trough, the economy shrunk not by 6.3%, as previously thought, but by 7.2%.
Output from peak to trough fell by 21% in nominal terms and unemployment rose from 5% to 15%.
Instead of going from peak to trough every 5-7 years, the financial cycle can take decades.
Average home prices around the country declined by 24percentt from peak to trough, while the decline inCalifornia cities was 45percentt.
Economists at Lehman Brothers, for instance, predicted in late March that home prices would fall 20percentt from peak to trough.
Historically, he said, it has taken one year for the stock market to fall from peak to trough.
Dublin in 2007-11 was a proper crash – prices there dropped by more than 50% from peak to trough.
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CEO of Professional Science Editing for Scientists @ prosciediting.com