Thursday, August 09, 2012
Last Post For Today
Sigh - I forgot to put in the graph. I started on this post just to explain why this means something:
It couldn't be clearer.
My thesis is that with constrained credit we have to return to those days when the inventory cycle pretty much controlled the business cycle. Recessions rolled around a lot more quickly then.
For what it is worth, I'm a believer in the theory.
March 18, 2012
Mean Time Between Failures
I know it feels like we just got out of a recession, but historically speaking that's not the case.
5 months have elapsed since I posted those charts.
We are now in a recession. Normally this wouldn't be too bad, but the fiscal issue and promised spending constraints loom on the horizon, and that impact could add some punch.
My word verification is "ackgraps", which I suppose is the 21st century's equivalent of the grapes of wrath.
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