The US Is Not Japan Or Your Average Stagnation: It Is Much Worse
26 July, 2012
Every day we are told how this recovery is the slowest since WWII and that nothing is working. Well, we think we can trump that for dysphoria. Not only is this the slowest recovery since WWII, it is even slower than the average 'stagnation'. Based on Goldman's analysis of 93 stagnations the US GDP per capita is growing even more stagnantly than ever (and dramatically worse than during Japan's 'lost decade').
US GDP per capita is still below its peak, well below the average crappy 'stagnant' recovery, and dramatically below the Japanese stagnantion...
Good times, people.