An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Tuesday, September 27, 2011
Are We Headed Into A Recess/Depress-ion? The Answer In 9 Simple Charts
If a picture is worth a thousand words, then nine graphs must be roughly equivalent to nine thousand words. 'Nuff said. Take a look-see.
Although I do suspect we are already in a recession, zero hedge always says we are always headed into a reces-depression and the cure is a balanced budget and the gold standard. I don't waste my time at the site anymore.
Although I do suspect we are already in a recession, zero hedge always says we are always headed into a reces-depression and the cure is a balanced budget and the gold standard. I don't waste my time at the site anymore.
ReplyDeleteTheir data is fine. They dig out a lot of things that would be difficult to come by without processing a huge volume of information.
ReplyDeleteHowever, their interpretation of it is bonkers.