GDP – Worst Year Since 1946

I wish to remind you that not all is doomsday. As I’ve discussed before, economies heal themselves without government intervention. The above example of inventory re-supply is an example. What is harming the recovery are the government’s attempts to thwart the liquidation of debt held by banks and other financial institutions. But things are not “robust” as they say and you should not put much hope in Q4 results. We have a long way to go.

via 2009 GDP Declines 2.4%, Worst Year Since 1946 | The Daily Capitalist.

The news about GDP growth sounds pretty good – until you look under the hood. By all means, read the details!


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