Monday, June 8, 2009

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." Sphere: Related Content
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