In a world with a short attention span, the long grinding story of our economy rarely comes up for any significant discussion except when there is something new. Lately the only genuine “news” related to financial conditions is how states are being dragged down and how their problems can be used as a bludgeon. While today’s fights play out in state capitols and the streets around them, tomorrow’s stories might be a bit different. Those stories won’t change until we see improvement in jobs.
While there are some good signs, we’re still in a holding pattern near what looks like a bottom. Here is a detailed explanation of the problem – and what to look for.