{"id":277511,"date":"2010-02-04T14:47:00","date_gmt":"2010-02-04T19:47:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/is-it-a-v-shaped-recovery-only-if-youre-a-banker-2010-2"},"modified":"2010-02-04T14:47:00","modified_gmt":"2010-02-04T19:47:00","slug":"heres-the-only-group-experiencing-a-v-shaped-recovery","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/277511","title":{"rendered":"Here&#8217;s The Only Group Experiencing A V-Shaped Recovery"},"content":{"rendered":"<p>(This post originally appeared on the <a href=\"http:\/\/pragcap.com\/is-it-a-v-shaped-recovery\">author&#8217;s blog<\/a>.)<\/p>\n<p>Monday&rsquo;s very strong reading in the ISM manufacturing data has many  market pundits beating their chests over the v-shaped recovery in the  U.S. economy.&nbsp; Many of these pundits (most of whom completely missed the  collapse) remain delusional.&nbsp; By almost any metric of the real economy  this is anything but a v-shaped recovery.&nbsp; Not only is the stock market  still 28% below its all-time high (no v there), but the data from the  real economy still shows that the majority of Americans confront a very  tough environment.&nbsp; The following four charts from the St. Louis Fed  succinctly tell the story:<\/p>\n<p><strong>Industrial Production<\/strong> &ndash; No V here:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b1e600000000000d489c9\/v-shaped-recov.png\" border=\"0\" alt=\"v-shaped recov?\" \/><\/p>\n<p><strong>Real income<\/strong> &ndash; No V here:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b1e6700000000007a3ce9\/v-shaped-recov.png\" border=\"0\" alt=\"v-shaped recov?\" \/><\/p>\n<p><strong>Employment <\/strong>&#8211; No V here:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b1e6c0000000000a6e48a\/v-shaped-recov.png\" border=\"0\" alt=\"v-shaped recov?\" \/><\/p>\n<p><strong>Real retail sales<\/strong> &ndash; No V here:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b1e730000000000726f96\/v-shaped-recov.png\" border=\"0\" alt=\"v-shaped recov?\" \/><\/p>\n<p>So, is this a v-shaped recovery?&nbsp;&nbsp; Only <a href=\"http:\/\/pragcap.com\/the-trilliong-dollar-reversion\" >if  you&rsquo;re a banker<\/a>:<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4b6b1e7a00000000008b154d\/v-shaped-recov.png\" border=\"0\" alt=\"v-shaped recov?\" \/><\/p>\n<p><span style=\"color: #000000;\"><em>Source: DB, St. Louis Fed<\/em><\/span><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/is-it-a-v-shaped-recovery-only-if-youre-a-banker-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/even-with-an-export-boost-our-economy-will-limp-forward-or-shrink-2010-2\">Why The Housing Bust Aftermath Means A V-Shaped Recovery Is Impossible This Year<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/us-retail-sales-v-shaped-2010-1\">Retailers: No Way Is A V-Shaped Recovery Possible In 2010<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/ny-fed-president-has-mixed-emotions-about-recovery-there-still-is-that-cre-thing-to-drop-2009-10\">No V-Shaped Recovery Says NY Fed President Dudley<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/MJxFQT4XMXA\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(This post originally appeared on the author&#8217;s blog.) Monday&rsquo;s very strong reading in the ISM manufacturing data has many market pundits beating their chests over the v-shaped recovery in the U.S. economy.&nbsp; Many of these pundits (most of whom completely missed the collapse) remain delusional.&nbsp; By almost any metric of the real economy this is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-277511","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/277511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=277511"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/277511\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=277511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=277511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=277511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}