Oct 6, 2010

Where's My Recovery?

The recession "ended" in the summer of 2009 - except it didn't.  GDP Growth has to run ahead of Population and Productivity Growth by a percentage point or two in order to maintain a healthy expansion. +1 or 2% GDP ain't gonna cut it.

Via WaPost, here's a good illustration of why we'll be waiting for a good while before we see anything that looks and feels like a real recovery.

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