Wednesday, April 15, 2009

Your cheerful post for the day:

To sum up, globally we are tracking or doing even worse than the Great Depression, whether the metric is industrial production, exports or equity valuations. Focusing on the US causes one to minimise this alarming fact.

(H/T to SurvivalBlog.)


Ken said...

The next line after the quote:

The good news, of course, is that the policy response is very different. The question now is whether that policy response will work. For the answer, stay tuned for our next, I...oh, forget it. It's gonna take someone stronger with the Snark than I am.

Joanna said...

Well, isn't this just a ray of frickin' sunshine. >_<