Six years lost

In the middle of last year, my coinciding index for the US economy passed the previous peak which occurred just before the onset of the GFC.  It's taken SIX YEARS for this to occur.  Six years of lost output and lost incomes, of lost jobs, of despair and poverty.

Oh, the index fell in the latest month, but that was due mostly to the big freeze. It'll pass.

Six years.  So much for rational markets and automatically self stabilising markets and economies.