Today for my attempt to disguise real content with multicolored graphs stolen from other places, I give you this nice little depressing picture. It shows very effectively just how slow the recovery has been and just how far we still have to go.
There are signs of life in the US and Oregon for sure, but nothing that portends a hotting up of the recovery - Europe needs probably a decade to sort itself out, growth has slowed in Brazil and China is showing itself ready to finally curtail the rather reckless debt acquisition of its banks.
Add to that the perhaps immature pivot to austerity that the US is making and we are probably going to be living with unemployment in the 6-7% range for the next 5 years or more.
Graph from The Wall Street Journal.
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