Quotulatiousness

July 9, 2012

US recovery from the recession still more theory than reality

Filed under: Economics, USA — Tags: , — Nicholas @ 07:54

Greg Mankiw has a graphical refutation of any claim that the United States has actually seen any recovery from the Great Recession of 2008:

At best, you’d have to call that a “stabilization”, but not a “recovery”.

Related posts:

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  2. What is a balance-sheet recession?
  3. The Canadian economic recovery
  4. “The recent recession was probably the last nail in the coffin of the proposal for a common Canada-U.S. currency. “
  5. Shit happens: the economics version (NSFW)

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