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Domestic Investment Plunges, Depression Debate Rages
GDP constituent Gross Private Domestic Investment has plummeted (apologies for the delay in noting) according to the St. Louis Fed, to pre-2000 levels.
More relevantly, a good update on the status of the ongoing Depression from Barry Eichengreen: among the items considered include i) industrial output, ii) volume of world trade, and iii)discount rates. The conclusions: "today's crisis is at least as bad as the Great Depression."
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