US unemployment rate decreases from 6.3% to 6.1% in July 2014

[Oakvale]

Historically, in comparison to the Great Depression, we didn't recover until the 50s. That's a really long time.

So, why are your expectations for this recovery so much higher?

My expectations are not higher. However, considering I live in this era and not in the 30s, along with the fact that this crisis is a lot more important, I would hope for the economy to recover quicker even thought I know it will not...

What makes this crisis more important?

What was our debt back then in comparison to now? The deficit too? Inflation as well? Not only that, no president during that era has spent so much as the current administration or the previous.

Our debt as a % of GDP was as much as 300% in the 1930s and 1940s to pay for the war, inflation was much worse with several doubt digit 10-18% spike years due to incompetent/inexperienced Fed decision making (as opposed today where inflation is a steady 1-3%), FDR could also take home the title of "most spending by a President in US history" in the context of his present time since the New Deal was the largest federal government expansion in history.

So no, we are actually better off in those parameters today than back then.

Inflation, currently, is just as bad as it was during the 30s. The fed is incompetent till this very day which is why we are in a mess. Inflation is much higher than 1-3 percent. Lol it's literally impossible for inflation to be that low with the fed pumping close to 100 billion a month into the economy. We are spending far more than back then even if government isn't expanding as much.

Where are you seeing this ~magic secret inflation~ exactly?

[Oakvale]

Your data shows little to no upward movement in the inflation rate. Try again.

Weren't you on the side of the people that said inflation was at 1-3%???


I could easily show the rise in prices if you would like

Please! (lol)

King's already touched on the vapidity of "uh, yeah, well, asset prices" excuse, but ~Magic secret inflation~ is the most tedious Zero Hedge garbage that's polluted internet 'discourse' on economics since the GFC. It usually ties in with the IMMINENT RECESSION announcement some blog spews out every couple of months based on a novel reading of statistical data. I'd greatly enjoy seeing how you'll "easily show the rise in prices".