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Assessing the economy ten years after the Great Recession

It has been 10 years since the US economy fizzled and we suffered through the Great Recession. And over the last decade, you’ve probably read about how the economy is doing better, or not so good, or is recovering, or is going into another recession. Better, worse, better, worse. It’s been hard to get a handle on the health of the economy when you look at monthly data. That’s why I asked Walter J. (John) Williams of ShadowStats.com to give me a list of the ways in which 2017’s economy is better than it was in 2007 — and ways in which it isn’t. Forget all the short-term vacillations — the monthly employment reports, the annual inflation gauges, etc. For better or worse, this is a straight comparison of what the economy w ...