What's Holding the Economy Back? The Collapsed Housing Bubble, End of Story | Beat the Press:
The major media outlets did their best to ignore the housing bubble as it was growing to ever more dangerous levels. Incredibly, they still cannot recognize and understand the bubble even after its collapse sank the economy. Hence we get the Washington Post offering us 10 charts that explain "what is holding back the economy.
Of course the Washington Post is a large corporation so they can waste money on unnecessary and misleading charts. Since CEPR is a small not-for-profit, we explain it all in one chart.
Go read the whole thing: What's Holding the Economy Back? The Collapsed Housing Bubble, End of Story