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Real World Economics Review
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Note that the sluggishness of the recoveries beginning with the 1990 recession is evidence that there does appear to be a qualitative difference between the business cycle between World War II and 1981 and since. Now, this is either evidence that there the post WW II SSA has succumbed to its own contradictions and the new one (if one has been established) is not doing anywhere new as good a job either at accumulation or at being a stable “social structure” OR that there is a tendency towards secular stagnation (the “Monthly Review” school) and that all counteracting tendencies had been exhausted by the end of the Reagan recovery of the 1980s.
The inability of the Obama Administration (so far) to create a new paradigm indicates that the economy is going to be trouble for the forseeable future. (Luckily there’s no World War II on the horizon to bail out modern capitalism.)
But they may create a False Flag event to initiate a World War III.
Global Collapse of the Fiat Money System: Too Big To Fail Global Banks Will Collapse Betwn Now and First Quarter 2011: http://bit.ly/btPhwf
There are probably many factors playing into the shape of the graphs and one may be the export of jobs related to everyday consumption items to countries like China, India, etc. The “higher end” jobs retained in the US may be more prone to oscillations in the financial system.
When one makes a 2001-2010 graph with both the 2001 – 2005 cycle as well as the 2007 – … recession, the name ‘George “W” Bush’ gets a whole new meaning!