At the Atlanta Fed's Macroblog, David Altig says either we're going to continue making history (the bad way), or recovery forecasts are way too downbeat. He has a chart for historical comparison. (via)
Keith Schaefer: US oil demand in October was slightly less than estimated and down ~5% from a year ago as economic recovery remained uneven-US gov't
about 1 hour ago
The EconomicJoker: I would not take seriously this holiday season jobs data which can be distorted by seasonal factors and poor reporting - Steven Hansen
about 3 hours ago
The EconomicJoker: Something about a real book that appeals to me and many others (like my wife and friends). Do NOT want a Kindle.
This news story has 4 comments:
On Jul 25 08:07 PM Alan von Altendorf wrote:
> Didn't see 1937 on the scattergram. Hmm.
www.housingbubblebust....
Look to me like 1937 was an outlier on the positive side. GDP fell a small amount but came rocketing back and onward.