Thursday, July 2, 2009

I hope this is NOT where the US economy is headed!

Today's employment report was pretty terrible. I saw this photo on National Geographic News - kind of represents the black hole that is the US labor market. Spencer at Angry Bear has some compelling labor market illustrations representing the severity of this labor contraction.

Rebecca Wilder


  1. It IS scary! Of course, sharks like Bernie Madoff and this guy have a lot in common.

  2. More green shoots for the fungus collection.

    What if they gave a Great Depression but systematically rigged the statistics, manipulated the markets, inflated the currency, and were able to convince the majority that it was not all that bad?

    Would it still be a Great Depression? Or a Great Delusion?