https://docs.google.com/viewer?url=http://research.stlouisfed.org/publications/net/page3.pdf&embedded=true&chrome=true
Most recent data are not encouraging. Fed has kept interest rates low and inflation is almost non-existent. Industrial production is steady at a low rate of growth which is reflected in slow growth in payrolls and the unemployment rate stuck above 9.2%.
This is not your father's recession. The economy seems to be stuck in low gear. The longer it persists at this level, the more difficult the recovery.
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