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.
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