1. Payroll Employment Index -- Past Recessions

2. The “Great” Recession

3. 2015 - Q3 3.0% Gap; just one quarter lower from 1984 to 2007
Unemployment Rate
Q3 3.0% Gap; just one quarter lower from 1984 to 2007

4. Collapse in the Participation Rate
Release: Employment Situation

5. Intermediation (Risk) “Wedge?”
Growth Rate Calculations | US recession dates

6. Household Debt to Income

7. Remarkable Housing Prices
Release: S&P/Case-Shiller Home Price Indices

8. Interest Rates: Validation & Trigger

9. Household Demand Collapse

10. Residential Investment: Boom & Bust

11. Physical Capital Investment Collapse

12. Stagnant Household Demand

13. Actual and Potential Output
Q3 3.0% Gap; just one quarter lower from 1984 to 2007

14. Measurement Matters: Two Views of the “Recovery”

15. Historic Weakness in Household Demand (Data based on Cynamon-Fazzari, Review of Income and Wealth, forthcoming)
Average: 121
(after 7 years)
2014: 103

16. Rising Inequality (Share of Top 5%)

17. Who Did the Borrowing?

18. Different Behaviors Across Income Groups

19. Cons. & Income Across Groups