CHART OF THE DAY: Why The Recovery Was So Awful This Year

View this email online | Add newsletter@businessinsider.com to your address book
		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, December 22, 2011 Why The Recovery Was So Awful This Year Earlier we published some commentary from Goldman's Jan Hatzius, who explained why the recovery in 2011 didn't live up to his expectations. Part of it was external shocks (the Tsunami, etc.), and some of it had to do with government spending (state and local retrenchment), but the main culprit, says Hatzius, was simply "the hangover". Richard Koo demonstrated this nicely in this article on the Real World Economic Review blog. What we've seen hasn't been so much a recovery from the recession, but a recovery from the financial crisis. In other words, the crisis is over, the deleveraging lives on. Read » Also On Money Game Today: UBS' George Magnus: Europe Has Been Mis-Diagnosed, And The Crisis Will Come Roaring Back Meredith Whitney And The Feel-Bad Story Of The Year BINI-SMAGHI: The ECB Should Do QE If Needed, And I Could Envisage Eurobonds Goldman's Jim O'Neill: Here Are The 2 Absolute Best Currency Trades For 2012 Advertisement CHART OF THE DAY: This Is Our Vote For CHART OF THE YEAR CHART OF THE DAY: We'll Need To Build A LOT More Houses CHART OF THE DAY: Not Only Was Meredith Whitney Wrong... Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

If you believe this has been sent to you in error, please safely unsubscribe.