The latest meme making its way around the echo chamber is
that because employment levels were so high in 2000, the recovery period
shouldn’t be compared to prior cycles.

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How does this cycle compare to prior Cycles?

Average_past_cycle

Source: EPI

 
Of course, we view this as nonsense. As the chart above
shows, this recovery has been sub-par not just for employment, but across the
board. The only exception has been Real Estate.

Random Items:

U.S. economy slows to below trend

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China’s Personal Savings Hit Record $1.7T


Apple now bigger than Dell

Nicholas Kristof: India vs China

Annual List of Top 10 Organizations Receiving Most  U.S. Patents

Find a job using eBay

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Quote of the Day:

"In politics as in chess, or in the military or in
business, when you have the advantage you must press it quickly – or lose it.
For the first time in history, we are in a position to checkmate tyranny.
Momentum is largely on the side of democracy.”

- Garry Kasparov

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Category: Economy, Employment

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.

3 Responses to “Chart of the Week: Current Cycle lags”

  1. LDB says:

    You gotta love the grandmaster’s ability to relate all of the world’s works in one quote! (I am referring to Kasparov, not Greenspan.)

  2. STS says:

    Gotta love the idealism in the Kasparov quote, but when did he say that? Has he been paying attention to Putin lately?

  3. fred c. dobbs says:

    Has Kasparov been paying attention to Bush lately?