Wednesday, May 13, 2015

Recession Charts

I close my eyes
Oh God I think I'm falling
Out of the sky
I close my eyes
Heaven help me
--Madonna

Several compelling charts suggesting that the US is already in recession. What makes charts like the one below so compelling is not only that they show decent face and predictive validity, but they are less subject to deflators and other bureaucratic adjustments that corrupt many 'top tier' macro series issued by the federal government.


Either the charts will once again be proven right or this time is truly different...

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