Charting Why 0% Y/Y GDP Growth Is A Distinct Possibility
Today's chart of the week comes from Bloomberg's Senior Economist, Joseph Brusuelas, who correlates initial claims (inverted axis) and GDP (Y/Y% not annualized). Alas for Tim Geithner and anyone who read his "Welcome to the Recovery" Op-Ed from August 2010 clearly written under the influence of hallucinogenic Kool-Aid, it appears that the economy is about to grind to grind to a halt. The chart needs no explanation.
- advertisements -