Four^M^M^M^MThree Bad Bears

So much for those “four bad bears”, it would seem. As of this past week the recovery from the lows of the current financial crisis has surpassed the recoveries of its three nominal predecessors.

four-bears-alternate-real

[via Dshort]

To be clear, I take a less sanguine view, but I’m not entirely surprised that the current recovery has taken such a different trajectory. Synchronized global stimulus amounting to 5% of global GDP will do that, don’t you know.