"Economy-watchers have basically spent the last three years coming up with new and more metaphorically-illuminating ways of saying the same thing, over and over: "Things are getting better, but too slowly."
The Miami Herald is squarely in the camp promoting good news in the local economy; never mind that if not for investment from South America and Europe, Miami would be flat on its back.
In Atlantic, Derek Thompson makes a relevant observation: "Between 1950 and 1990, private GDP growth in the two years after a recession averaged between 5% and 6%. But the last three recoveries, it averaged only 2.5%." Thompson makes the case that the US economy has fundamentally changed in the last 30 years in "The 11 Graphs That Allegedly Prove That the West Is Doomed." Check it out.
The Miami Herald is squarely in the camp promoting good news in the local economy; never mind that if not for investment from South America and Europe, Miami would be flat on its back.
In Atlantic, Derek Thompson makes a relevant observation: "Between 1950 and 1990, private GDP growth in the two years after a recession averaged between 5% and 6%. But the last three recoveries, it averaged only 2.5%." Thompson makes the case that the US economy has fundamentally changed in the last 30 years in "The 11 Graphs That Allegedly Prove That the West Is Doomed." Check it out.
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