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.
2 comments:
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.
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.
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