Monday, August 6, 2012

John Taylor on the Myth of Financial Crisis Recoveries

John Taylor has a fascinating new post on the weak recovery and compares it to severe recessions of the past. One frequent claim heard (and one I believed until I saw this post) is that recovery from recessions caused by financial crisis necessarily takes longer to recover from. But check out these time series and judge for yourself.

Clearly something is rotten in the United States.  

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