Saturday, January 2, 2010

Our Lost Decade

Japan is no longer alone in the "Lost Decade" Department. The Washington Post has a shocking piece about our lost decade throught the employment lens here

From the piece:
"The U.S. economy has expanded at a healthy clip for most of the last 70 years, but by a wide range of measures, it stagnated in the first decade of the new millennium. Job growth was essentially zero, as modest job creation from 2003 to 2007 wasn't enough to make up for two recessions in the decade. Rises in the nation's economic output, as measured by gross domestic product, was weak. And household net worth, when adjusted for inflation, fell as stock prices stagnated, home prices declined in the second half of the decade and consumer debt skyrocketed."

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