Lately, we’ve been
hearing a lot about “
the recovery” and lot of arguing over who’s to blame for
its supposed slowdown. But before we got too bogged down in who’s responsible for retarding economic growth, maybe we should first look at the
data.
the recovery” and lot of arguing over who’s to blame for
its supposed slowdown. But before we got too bogged down in who’s responsible for retarding economic growth, maybe we should first look at the
data.
Without one word of
explanation, Harvard University econ professor Greg Mankiw posted the following graph to his blog:
Greg Mankiw posted the following graph to his blog:
As you can see, the
shaded area indicates the recession and everything to the right of that is
the so-called “recovery.”
Huh.
So, was this what
the White House meant when it said we’re moving in the right direction or should we just not read too much into the data?
moving in the right direction or should we just not read too much into the data?
For some reason I got a broken link.
ReplyDeleteHey Old NFO.. I checked the blog on the wife's computer and it is complete, the graph shows up as does the article. I don't know what the problem is:(
ReplyDelete