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Unique Recovery ?

Posted By Barry Ritholtz On August 18, 2003 @ 11:08 am In Economy,Employment | Comments Disabled

The Cleveland Fed’s [1] release of August Economic Trends has a series of rather telling charts:

recovery.jpg
Pink line reflects the average of the previous six recoveries; BLack line is the present data.

They’re the reason why some economists and strategists are less sanguine about the present stimulus driven recovery.

The full report, titled "Economic Trends – August 2003: The more things change …. " is available here [2].

Thanks to The Capital Spectator [3]for the pointer


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2003/08/unique-recovery/

URLs in this post:

[1] Cleveland Fed’s: http://www.clevelandfed.org

[2] here: http://www.clevelandfed.org/research/ET2003/0803/trends.pdf

[3] The Capital Spectator : http://caps.blogspot.com/

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