Steve Randy Waldman @interfluidity.com · May 31 Here's a very simple graph that vindicates both our stories a bit. In levels terms, yeah, you are right, we are only back to immediately post-crisis, suddenly awful then, 2014. 2/
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But in changes terms, things were getting a bit better for a while and then whoosh! Suddenly whatever slack anyone had is suddenly gone, at an unprecedented rate. /fin
This is a good chart, but it doesn't at all map to the Brookings estimate.