Thursday, February 19, 2009

Worst Post WWII Slump in Industrial Production

Econbrowser compares recessions
Industrial production:

Manufacturing production (since 1973):

and refers to AngryBear with the same IP data in a different format:

The current cliff diving is impressive. 1973 had a similar drop.
Angry Bear's chart shows the average trough happening three months from now.
The current drop does not seem of the "average kind" though.

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