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@#$%!
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Short-Term
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I'm not quite done with this last chart. Let's take it back to 1984.
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@#$%!
See Also:
40.6 Million Missing Jobs
Source Data:
St. Louis Fed: All Employees: Total nonfarm
4 comments:
yeah, I just did the exact same chart you did at the end:
http://research.stlouisfed.org/fred2/graph/?g=bst
The 1960s were pretty good.
1970s were decent and would have been better if the Fed hadn't been peeing in the punchbowl.
1980s, after the recessions, were pretty good.
1990s, latter half at least, were pretty good I guess.
2000s. Suck.
2010s. We've topped out at a lower low, even with $1.2T/yr deficit spending, QEs 1 & 2, and total ZIRP for an extended period.
AND we've got Republicans who are actively insane and Democrats who are afraid of their own shadows.
Things are still proceeding apace tho since the baby boom isn't getting any younger.
Troy,
Clinton sure timed his presidency right.
I certainly wouldn't want to be the next president.
That said, I suppose there is a chance we could hug the upper part of the channel for a presidential term or two.
I just wouldn't want to take the risk that I'd be the presidential bagholder, lol. Sigh.
Understanding what actually happened in the 1990s is kinda important for getting a feel of what's going to happen next I guess.
This is a real 'blind-men & elephant' thing though.
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