Scary Economic Chart Of The Day

Via Business Insider:

Umm. Yikes.

H/T: QandO

FILED UNDER: Economics and Business, Quick Takes, US Politics
Doug Mataconis
About Doug Mataconis
Doug holds a B.A. in Political Science from Rutgers University and J.D. from George Mason University School of Law. He joined the staff of OTB in May 2010. Before joining OTB, he wrote at Below The BeltwayThe Liberty Papers, and United Liberty Follow Doug on Twitter | Facebook


  1. Dave Schuler says:

    Can we stop touting a V-shaped recovery now?  To the extent that there is a recovery, it’s a recovery in the financial sector and that’s only happening because the Fed is giving free money to the banks, i.e. when the banks can earn more by buying Treasury notes than it costs them to get it from the Fed, they’re getting free money.


  2. john personna says:

    “L-shaped” was the one that surprised me and scared me.  When an economist says “L-sharped recovery” that doesn’t seem like much of a recovery.
    So, we are apparently L-shaped so far, but with some good news and some bad.  This is a definite soft spot, but not a proven double-dip IMNSHO.


  3. When I hear “L-shaped recovery”, I think permanent decline.

    We may have to realize at some point that things aren’t going to return to where they were before.