This is the Slowest Economic Recovery Since World War II

[jamesbond]

The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.

From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday. That’s a 0.3 percentage point downgrade from prior estimates.

The revisions were released concurrently with the government’s first estimate of second-quarter output.

Since the recession ended in June 2009, the economy has advanced at a 2.2% annual pace through the end of last year. That’s more than a half-percentage point worse than the next-weakest expansion of the past 70 years, the one from 2001 through 2007. While there have been highs and lows in individual quarters, overall the economy has failed to break out of its roughly 2% pattern for six years.

http://blogs.wsj.com/economics/2015/07/ ... od=WSJBlog

[Ghost]

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[Moretorque]

So James what is your point ?

[Taco]

The fact their selling houses in Detroit for $50 for the past 5 years is a subtle hint. There would be lines at soup kitchens a mile long but they got rid of them by issuing food stamp debt cards.

Slow Economic Recovery = Economic Depression