Stagnation Charts #1
I’ve decided to start a new occasional series of posts: “Stagnation Charts”. And let’s begin with this one, taken from today’s Consumer Trends data:
Remember that household consumption accounts for about 63 per cent of GDP and that it made a major contribution to recovery from the 80s and 90s recessions. Since the end of 2010/early 2011 it has only flattered to deceive: this is what stagnation looks like.