Generation Bubble

Cheats, Shoots and Thieves: The No-Depression Gang's New Slang

The whole “green-shoots” things puzzles me particularly, predicated as it is on an even more puzzling “jobless recovery” (another meme that’s been rattling around the blogosphere). The latter seems to range beyond the strange late-70s phenomenon of stagflation. It suggests that market rallies now enjoy absolutely no relationship to conditions on the ground — job growth, credit expansion, consumer spending (all of which have stalled or contracted).