Apr
23

Improving Info

While the economy is shrinking quickly as we are in a brief depression (there is no definition, but a GDP decline of 7.5%/year or more works for me), the data is no longer all dismal. Car sales may have stopped falling, consumer sentiment and consumer expectations of the future are no longer declining, and demand for oil and gasoline has bottomed. This suggests that we are beginning to hit bedrock.

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