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Want really extreme? I will be extremely surprised if we ever manage to resume that trend in red again. Sigh.
See Also:
Extreme Initial Claims Danger v.24
Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims
6 comments:
The recession that should have started in June is here. It is almost as if the massive FedGov spending spree held it off until after the election. :tinfoil:
The depression that should have started in 2009 is here... well, it never really left, but the Fed does a good job of painting over the dry rot.
Rob Dawg,
It is almost as if...
The sarcasm must flow! ;)
TJandTheBear,
...the Fed does a good job of painting over the dry rot.
And let's not forget the Plaster of Paris!
Sigh.
http://www.mpettis.com/2012/10/27/when-the-growth-model-changes-abandon-the-correlations/
I think you would enjoy this essay; Professor Pettis is reinforcing the idea of trend breakdowns.
Scott,
When the Growth Model Changes, Abandon the Correlations
What a great start to an article. Yes!
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