But that is not my point here. In the deconstruction post, Beckworth presents three graphs showing Domestic Demand per Capita (now at a mid-2007 level); Core inflation (leaning hard towards 0.00 and beyond); and money velocity (bouncing like a dead cat.) Follow the link to see the not very pretty pictures.
Then Thoma comes up with this FRED graph.
And, of course, Rethugs refused to extend unemployment benefits for the 5% of the population who fell off that cliff at the right side of the graph.
Recovery - Hell! It seems to me that there is no bright spot anywhere.
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6 comments:
Hell it seems there's no bright spot anywhere. There's always this uplifting Christmas song: http://www.youtube.com/watch?v=hRFkftfyETw&feature=fvst
Oh, yeah - that helped a lot.
Thanx -- I think.
Cheers!
JzB
You're welcome- I think. LOL. I found the lyrics rather amusing. In a twisted mind sort of way.
I'm all for twisted minds, and it's always reassuring in a schadenfreude kind of way to discover a family farther out the dysfunctional scale.
But, uplifting, it wasn't.
Hmmmm - upon further review it was up-lifting of certain kinds of spirits.
Cheers!
JzB
I'm glad to see you've come around. And congratulations on your spirited, take no prisoners defense of your position at AB with Co Rev. Nicely done!
Ahhh. Thanks. CoRev is actually pretty depressing. He represents the very worst of what is wrong with America today. His ignorance is abysmal. His immunity to facts and data is, quite frankly, incomprehensible.
He knows nothing, and thinks he knows everything. In fact, what he thinks he "knows" things that are totally contrary to reality. Though he is not stupid, he is unreachable by logic - either because he is blinded by ideology, or for some even less comprehensible reason - and therefore, not worth anybody's time and effort.
What a sad and wasteful shame.
Cheers!
JzB
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