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Short-Term
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Some are arguing that we're in the first inning of the recovery. If the above chart is any indicator, I'd say the game's about over.
Let's take it back to 1984 yet again.
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@#$%!
The next chart shows nonfarm payrolls per capita. Can there ever be too many ugly charts in one post?
On the off chance we're heading back to the 1960s, here's a musical tribute to go with it.
See Also:
41.1 Million Missing Jobs
Source Data:
St. Louis Fed: All Employees: Total nonfarm
St. Louis Fed: Nonfarm Payrolls per Capita
7 comments:
I just don't get those who can't believe in "new normal" theories.
Are you not paying attention? Barron's says "The party is far from over. The early-year rally that on Friday took the Dow Jones Industrial Average to within 1% of its record high, set in 2007, could have a lot further to run. For starters, stocks aren't expensive."
DOW 36k here we come. /sarcasm
I plan to make at most two trades this year. Compared with 100 two years ago, and 20 last year. I don't count buying I-bonds or nickels each month as a trade. BTW, I still love nickels. The metals is worth 5.42 cents today and it costs the treasury 11 cents to mint one. The days of negative seignoirage are numbered.
The world is crazy so you have to out-crazy it.
who needs j-o-b-s when we have income:
http://research.stlouisfed.org/fred2/graph/?g=ffG
then again I see trend fail there, too.
and of course that's not broken out by quintile or anything.
Funny how economics refused to model money in the system. It's like climatologists not modeling water. Their models are dry!
Good to have you back Mark! It's been tough having one of my favorite blogs go dark.
I'm in the Pacific NW too (Bellingham) and January/February is a killer. Gray skies and cold drizzle just seem to stoke the appetite!
-Ted
Mr Slippery,
"The world is crazy so you have to out-crazy it."
Hahaha! It's good to be back. :)
Troy,
"and of course that's not broken out by quintile or anything."
I honestly believe that's how people like Bernanke missed the housing bubble. Distribution matters.
Ted Peters,
You are too kind.
I think I'm back now. I had a really good night's sleep for a change.
I'm inspired to post more charts. Some call have called it chart porn. Who am I to argue differently? The data is certainly obscene. ;)
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