I’ve run variations of this chart so many times, it seems redundant to do so once again. But since the debate with Cody generated 60 comments(!), there’s an obvious interest in this subject.
How This Jobs Recovery Stacks Up:
Source: Contrary Investor
The last Recession did not see consumer spending slow terribly. And, we were coming off employment levels that were artificially high — or at least unusually elevated — courtesy of the Tech/Telecom/Internet boom and bubble.
These factors, combined with a very "generous" Federal Reserve, is why the Recession was so mild. But that means we still have yet to feel the full hangover from the party. My suspicion is the bill for that bash has yet to be paid in full.
The invoice is likely to be coming some time later this year . . .