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The 46 Month Recovery Watch Remains On High Alert

By Kate on October 15, 2012 10:29 AM | 9 Comments

9 Comments

Iggy Slanter | October 15, 2012 11:05 AM | Reply

Let me be clear. This is Richard Nixon's fault.

grok | October 15, 2012 11:09 AM | Reply

Wasn't it in 2006 when the Democrats took control of Congress, thus the budget process?

Fred | October 15, 2012 11:36 AM | Reply

. . . because Barry is an economics genius.

Everyone knows that because the New York Times says so.

kakola | October 15, 2012 11:47 AM | Reply

This is the most convoluted graph I've seen in some time - "%change from year ago". The suggestion inherent in the graph is that average hourly earnings have actually continued to rise non-stop, albeit somewhat slowly from time to time, throughout the period indicated. That's a bit tough to swallow, because it sure didn't work that way for me.
But, as a disciple of Mark Twain, I have always known that there are "Liars, damned liars, and statisticians."

james | October 15, 2012 11:47 AM | Reply

Once Romney is elected the economy will suddenly be in a crisis according to the lamestream tards. It will of course be his fault before he even gets sworn in.

eastern paul | October 15, 2012 12:41 PM | Reply

If Romney gets in Gold will tank.
A good thing.

If the Narcissist gets in Gold will skyrocket.
Not a good thing.

Get a comfortable chair...

Jema54 | October 15, 2012 3:38 PM | Reply

eastern paul I hope that you bought some gold - it always holds it's value.

KevinB | October 15, 2012 5:02 PM | Reply

They had this chart over at zerohedge this morning, and a number of people noted that is is NOMINAL DOLLARS. E.g., from 1976-80 - Jimmy Carter time - wages rose quite rapidy because inflation was ticking along at 10%. When Paul Volcker slammed the door on inflation by letting short term rates rise to 20%, year-on-year wage rises fell rapidly.

It would be more interesting to see this chart in constant dollars.

rd | October 15, 2012 10:24 PM | Reply

Wait until Obamacare kicks in. Unless you are absolutely essential, you will be laid off, moved to part time less than 30 hours, or outsourced as a contractor. Then wages will drop below the 0% line. Median income will take a HUGE drop.

Repeal Obamacare or the middle class and the working class gets shredded.

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rd: Wait until Obamacare kicks in. Unless you are absolutely essential, read more
KevinB: They had this chart over at zerohedge this morning, and read more
Jema54: eastern paul I hope that you bought some gold - read more
eastern paul: If Romney gets in Gold will tank. A good thing. read more
james: Once Romney is elected the economy will suddenly be in read more
kakola: This is the most convoluted graph I've seen in some read more
Fred: . . . because Barry is an economics genius. read more
grok: Wasn't it in 2006 when the Democrats took control of read more
Iggy Slanter: Let me be clear. This is Richard Nixon's fault. read more

The 46 Month Recovery Watch Remains On High Alert

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9 Comments