Tuesday, February 17, 2009


Tim Duy compares the unemployment rates of the past two recessions based upon educational level. I find it difficult to imagine growth being entirely driven by government spending over the next decade (or two). This is not your father's recession.

And hysteresis? That's more than a little terrifying.


It's Not Your Fault! said...

Did you see Borne movie number 2?

You look just like the Soviet Assassin. I think his middle name is Ivan.

P.S. Where have all the readers gone... nobody is posting anything and these are some great articles.

PassTheChips said...

I did. I really should start going by Ivan. It's a much more terrifying name than PassTheChips.

I think it likely that blogs are becoming increasingly passe. Why blog when you can Facebook.