It's All Relative - The 2009 Recovery

Here is an informative graphic from the WSJ comparing the recent recovery to all other recoveries since WWII. (Click the picture to enlarge.)

There are several striking things about the recovery that started in June 2009. It is a jobless recovery, bank lending is abnormally low, home prices have tanked (and are continuing to decline on average), and disposable personal income is recovering more slowly than in all previous post-WWII recoveries. I know the graphic is from several months ago, but I believe that most of these general trends have not changed much since then.

HT Dr. Snowden for sharing these graphs to motivate discussion of business cycle theory.