Monday, June 4, 2012

The New and Improved New Normal

The chart above shows Manufacturers' New Orders: Durable Goods as a fraction of Wage and Salary Disbursements.

If 2002 through 2007 was the new normal, then I have this uneasy feeling that there will soon be a new and improved new normal.

Source Data:
St. Louis Fed: Custom Chart

No comments: