Dangerous curves ahead

A friend on twitter has just shown me this.

OK, it shows the job losses situation in the US – not in the UK – but that’s a frightening downward curve whichever country is suffering.

If you extrapolate that curve so it has the same vague shape as the other two then that comes out as something like a ten year period for job losses to reach a trough and then come back to pre-recession levels.

Surely that’s a depression?

If that’s the case and it’s similar here in the UK, all I can say is fucking ouch…

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