This is the a pretty grim graphic of how this stimulus driven recovery matches up against the prior post WWII cycles. It puts the silly “Payroll vs Household Survey” argument to rest:

jobs_vs_prrior_recoveries_200402.gif

Source: The Economic Policy Institute

Regardless of which survey you prefer, this has been an atypical, job lacking recovery cycle. And given the massive bubble, over investment, and excess capacity created by the tech/internet/telecom mania of the late 90s, its likely to persist for a while.

The effects of Bubbles and Manias are cured mostly by time . . .

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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