These charts raise a lot of questions. Many of these questions I have discussed in the blog, as I believe they are very significant in nature. Additionally, these charts should highlight the "atypical" nature of our economic situation from a long-term historical perspective.
Here is a St. Louis Fed chart depicting the Median Duration of Unemployment:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9klJQXhd_DJbouOiLmociipxKMb6KHXz35xGiV-UQSyj1Z-sTw86AFpP2rwgiYNrTxMfaAy3sCmAMjl_koAr0Q9871btfF70Ujs_C1iDxpiy2igjcSpG6rLUGqD80mjKnU71ZoE3NSls/s280/UEMPMED_3-5-10.png)
These next two charts are from the Minneapolis Federal Reserve. These charts really provide a perspective on the length and extent of this downturn. The first depicts our Unemployment situation:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSpI6UNRMqqqRqkXPUPDNb60Gl9GBTGDIa0hBRzqCx4vAcEZ01sr_TEMXxd8hBX1uKvQekdq0_Ynmsnz4rDbsSWtl0UrpM1mmNlCPn1kkS3YQFlF6kKQ81JLpBBA-1IyvK9prkW5v0i00/s280/frb+Minneapolis+employment+3-5-10+large.jpg)
This depicts Output:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL9Lpf3G7diX03ED3Cw04Ig6Jb4SwJUwMZk-Bs7zAZKELyp4-rJ5TKachh2PqJPexA2tD6z1WKFaIowkq-fpRPMAm2JRz2RpoYn8u3_1DB9f1SPjYDYYSNvJ0fp7mGWEasyfP7qf9LCYU/s280/frb+Minneapolis+output+2-26-10+large.jpg)
More about these last two charts can be found in the February 8 blog post.
I will update these charts on an intermittent basis as they deserve close monitoring.
SPX at 1175.44 as this post is written
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