Three overarching facts illuminate the strange and troubling economic
paradoxes for America from the terrible 2008 crash and its aftermath.
--First: for U.S. financial and equity markets, there has already basically been a full recovery from the Great Recession. Key indicators of performance for these markets-the Dow30, S&P500, Russell 2000, NASDAQ, etc--are all at higher nominal levels today than they were five years ago. Even after controlling for inflation, these indicators are ahead of where they were in early 2008. For wealth holders in these markets, the nightmare is over-at least for now
http://www.realclearmarkets.com/articles/2013/07/10/the_astonishing_collapse_of_work_in_america_100465.html
--First: for U.S. financial and equity markets, there has already basically been a full recovery from the Great Recession. Key indicators of performance for these markets-the Dow30, S&P500, Russell 2000, NASDAQ, etc--are all at higher nominal levels today than they were five years ago. Even after controlling for inflation, these indicators are ahead of where they were in early 2008. For wealth holders in these markets, the nightmare is over-at least for now
http://www.realclearmarkets.com/articles/2013/07/10/the_astonishing_collapse_of_work_in_america_100465.html
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