Barry Ritholtz, Columnist

This Recovery Really Is Different

Rebounding from a financial crisis takes a lot longer.

August 3, 2015 at 1:53 PM UTC

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

The economy is somewhere down there.
Photographer: Virginia Sherwood/USA Network/NBCU Photo Bank/Getty Images

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Calling this the “worst economic expansion since World War II” is like saying the ebola virus is the worst cold you ever had. At some level you might be technically correct, but you end up communicating confusing, even misleading, information.

This keeps coming up, despite a wealth of evidence that provides more appropriate context about the crash and subsequent recovery. A column in Real Time Economics is typical of the genre: