oldgoldbug

The Most Misunderstood Chart of All Time

-8%,-6%,-14%= economic activity at 74.37%. This during a time when we actually made things and didn't just consume. What kind of decline are we looking at with an economy built on home remodeling, shopping malls, cable TV, diet soda, etc? 10% of the economy is manufacturing and a lot of that is tied up with F, GM Chrysler etal?
Thank you for the information and point of view; it helps to explain why some charts look so absolutely awful.
Also explains why Bernanke is so resolute to do everything in his power to avoid a repeat. I think he is a smart guy, but perhaps this is going to be too much even for the FED and central banks.