The US Economy’s Lost Decade

Posted by Barry Ritholtz - The Big Picture

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To hell with Japan, we have already had our lost decade — or at least so says the Washington Post. And, it was more than just the stock market that lost ground over the past 10 years:

• Job growth was essentially zero;
• Economic output (GDP) was weak.
• Household net worth (inflation adjusted) fell as stock prices stagnated;
• Home prices declined in the second half of the decade
• Consumer debt skyrocketed.

Here is how the 2000’s compared with a few other decades: