Overall employment, which is still high in historical terms, has been declining continuously since the beginning of 2008. It is surprising that America’s stock market hasn’t crashed yet, since all other indicators are pointing downward.
而且，失业人数在以七年来最快的速度增长。从历史来看，现在的整体就业率仍然很高，但是从2008年年初以来就开始持续下降。既然其他所有的指标都显示出向下的趋势，美国的股票市场还没有崩溃是很令人惊讶的。标普的市盈率最近处于20倍左右，远远高于自1881年以来的长期平均市盈率16倍的水平。