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Economy |
The 4 Scariest Economic Graphs I've Seen This Year |
2011-08-03 |
This is a remarkable sequence of pictures from Calculated Risk showing that no major economic indicator has returned to its pre-crisis level. In other words, after two years of recovery, not a single key broad measure of the economy has actually recovered. The ingenious thing about these graphs, which I've never before seen, is that they compare key recession indicators as a share of their pre-recession peaks. The outcome reveals each recession in the last 50 years as a kind of hanging icicle. Ours is by far the longest, and we don't yet know when we'll trace our way back to the 2007. Here's why I don't expect the path up to get much smoother in the near future. Needless to say, the graphs make it quite clear we haven't recovered yet. Not even close. With a double dip, this has the classic depression fingerprints all over it. |
Posted by:DarthVader |
#3 He's not a big fan of reducing the deficit, either. The Atlantic is a left of center publication. I wouldn't expect any other kind of deduction from Mr. Thompson |
Posted by: Pappy 2011-08-03 20:16 |
#2 ION FREEREPUBLIC > US BORROWING TOPS 100% OF GDP: TREASURY. ARTIC > Post-Debt Deal new US Tote Public Debt = US$14.58TRILYUHN, versies EOY 2010 US GDP of US$14.53TRILYUHN; US NOW PAR WID ITALY + BELGIUM, ETC. DEBT-TROUBLED EUROS. FYI POST-DEAL EURO + ASIAN MARKETS STILL GETTING SLAMMED. * SAME > GROSS US DEBT SURGES TO US$240.0BILYUHN OVERNIGHT, US DEBT-To-GDP HITS POST-WORLD WW2 HIGH OF 97.2%. |
Posted by: JosephMendiola 2011-08-03 20:09 |
#1 But at the end of the day, Democrats are a left-of-center party in a right-of-center country signing onto a right-of-right deal to reduce the deficit. You practically need infrared goggles to see the silver linings. He's not a big fan of reducing the deficit, either. |
Posted by: Bobby 2011-08-03 18:33 |