economic recovery

Private (non-government) debt of six nations as a percentage of GDP from 1952 (source; click to enlarge).by Gaius PubliusA quick-hits piece, just to put the idea on your radar.

Andy B. strikes again -- and note especiallythe "Carol Foyer" fake-quote at the end

When our elected leaders, of any party, brag about how many jobs they're creating, this is what they're bragging about (source)by Gaius PubliusThis will be short and number-filled, and not even many of those.Yes, Trump won. But......the bottom line is still the same.

Wealth created by productivity diverged from wage growth in the Carter administration, but separated for good under Reagan and all subsequent presidents. Wages have been essentially flat since 1972.

by KenWe all know -- don't we? -- that watching the stock market provides a reflection of certain factors in the state of the economy, it's far from any kind of reasonable measure of the economy. Which is the reality that underlies Robert Reich's blogpost "Why the Lousy Jobs Report Boosted Wall Street" (which I read via Nation of Change).

by KenThis comes of keeping nytimes.com at arm's length, owing to the NYT's totally understandable effort to realize some financial recompense for online consumption of its semi-expensively produced content: I have paid no attention to an online-only series, moderated by that sterling economist Joseph E.

"I can't think of a time when a party's economic doctrine has been so completely divorced from reality."-- Paul Krugman, in his NYT column today, "Phony Fear Factor"by Ken"So Republican assertions about what ails the economy are pure fantasy," Paul writes in his column, "at odds with all the evidence.