Here is a Great Graphic putting US GDP growth in a different context then we are accustomed to seeing it. It comes from Professors William Easterly and Yaw Nyarko-led Development Research Institute at New York University.
Of course it does not lessen the importance of the end of the secular credit cycle or the seriousness of the economic, financial and social challenges we face. However, it does suggest a certain resilience beyond the cyclical vagaries and quarterly GDP prints.
Great Graphic: US Per Capita GDP--the Big Picture
Reviewed by Marc Chandler
on
June 14, 2012
Rating:
Reviewed by Marc Chandler
on
June 14, 2012
Rating:
