I don't thik so. Here is a graph from the Calculated Risk website showing retail sales. Since 70% of the US economy is private consumption, I see a sere dessicated desertified vista, not a single green shoot in sight...
Thursday, April 30, 2009
Green Shoots?
Obama has been talking up "green shoots" and the stock market has risen 25% on a buoyant mood that a "corner has been turned" in the economy.
I don't thik so. Here is a graph from the Calculated Risk website showing retail sales. Since 70% of the US economy is private consumption, I see a sere dessicated desertified vista, not a single green shoot in sight...
click to enlarge
I don't thik so. Here is a graph from the Calculated Risk website showing retail sales. Since 70% of the US economy is private consumption, I see a sere dessicated desertified vista, not a single green shoot in sight...
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