Not bad

One of Brad's charts. Lot to see.

This is how things were, relative to 2007, sort of the eve of the recession. 

First, exports are not a separate sub set but a linear superposition. Second, business investment works. Third, moderate government growth lengthens expansions. Fourth: Housing has booms and busts, but not so bad this round.

There is no crash here, there is this light blue correction somewhere.  Eyes are on MMT meetup. The future portends productivity growth. This is not really 'hard times', but worn down times, learning cost of unnecessary turbulence.