The FIRE Economy (Finance Insurance Real Estate) should have died in 2008 once and for all. A nation based on trading stocks, flipping houses and suing each other is no way to go through life, son. And this is coming from a denizen of that accursed industry!
Anyway, over at the blog Illusion of Prosperity I came across a chart showing that, while the finance sector may be shedding jobs, relative to the manufacturing industry it is still a paragon of health…
This is an example of an “exponential employment trend line that has not failed”. At least not yet.