The latest meme making its way around the echo chamber is
that because employment levels were so high in 2000, the recovery period
shouldn’t be compared to prior cycles.
How does this cycle compare to prior Cycles?
Of course, we view this as nonsense. As the chart above
shows, this recovery has been sub-par not just for employment, but across the
board. The only exception has been Real Estate.
Quote of the Day:
"In politics as in chess, or in the military or in
business, when you have the advantage you must press it quickly – or lose it.
For the first time in history, we are in a position to checkmate tyranny.
Momentum is largely on the side of democracy.”