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February 22, 2012

It's Beginning to Look Like 2011 All Over Again

Derek Thompson, The Atlantic

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Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website. More

Feb 21 2012, 10:30 AM ET Comment

The US economy is billions of dollars and 1.7 million jobs stronger than we were twelve months ago. But the same headwinds that doomed last year's recovery are swirling again.

Reuters

Let's play "Name That Year of the Recovery." In the first quarter of this Mystery Year, the economy adds more than 200,000 jobs in consecutive months. Manufacturing is roaring. Investors are giddy and stocks improve for the third month in a row. The Dow breaks 12,000 for the first time since 2008. Economists are screaming, "Recovery...

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