Economic Recovery: It Looks, Feels, and Grows like a Recession

This economic recovery "looks like recession." That's the headline in The New York Times.

For once, the media might not be trying to scare you. Instead you should be appropriately alarmed. For instance, this is shaping up to be an era in which economists predict it will take nine years for the jobs to return that were lost in the last two. Count to 13 for housing prices to get back to the peak many owners had paid for them. Slow growth could well be the new normal, at least in the United States.