Larry Kudlow takes a look at the recent economic numbers at his place and finds some very disturbing trends - when Larry says things are looking bleak, you really have to worry. I know of no bigger bullhorn touting the economic positives for the current administration.
Jobs, industrial production, personal income and manufacturing and trade numbers all show a peak late last year, with mild declines from those peaks. Ouch. We may already be in a mild recessionary period. The good news is that the last two recessions only lasted 8 months - the bad news is there is an election coming up.
Thursday, February 14, 2008
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