Agreed see also the late 90's - that wasn't normal.
Also the 2004-2008 economy - people say the bankers ruined the economy - my view is the bankers made 04-08 too good and the following depression was more normal.
Also the 2004-2008 economy - people say the bankers ruined the economy - my view is the bankers made 04-08 too good and the following depression was more normal.
Only for those who invested directly or indirectly into the bubble.
"You can even see this in the statistics, a divot from 2008 to 2012 where millions of jobs and billions in earnings should be. In 2007, more than 50 percent of college graduates had a job offer lined up. For the class of 2009, fewer than 20 percent of them did. According to a 2010 study, every 1 percent uptick in the unemployment rate the year you graduate college means a 6 to 8 percent drop in your starting salary—a disadvantage that can linger for decades. The same study found that workers who graduated during the 1981 recession were still making less than their counterparts who graduated 10 years later. “Every recession,” Spriggs says, “creates these cohorts that never recover."[1]
[1] http://highline.huffingtonpost.com/articles/en/poor-millenni...
These belong to the group that I called "[those who] invested indirectly into the bubble".