Capital Commerce

How is the Economy Really Doing?

February 6, 2009 RSS Feed Print

Jim Paulsen of Wells Capital Management sends me this chart that shows despite a big drop in employment, worker incomes have held up pretty well: "None of this diminishes the severity of the collapse currently unfolding in the job market. However, it is a bit of a silver lining that this record-setting job collapse is being at least somewhat buffered by a relatively modest decline in real incomes."

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Looks like the solid line went up in the 1976-80 Carter years, had a dip that ended flat for all the 1980-88 Reagan years combined, and soared like a rocket in the 1992-2000 Clinton years.
That is what it says, isn't it?

Muser of NM 3:14PM February 06, 2009

How is the Economy Really Doing?

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