Monday, August 3, 2009

GDP Is Still Sinking

Chart is from the Bureau of Economic Analysis:

from thelion.com:

This is off Table 3B in the BEA's release and is actual year-over-year change in constant (chained) dollars. Feel free to check my work - in fact, you should check my work, just like you should check everyone else's you hear, especially if you hear a politician or media pundit opine about how "things are getting better."

Baloney. Not only is the GDP still falling it is still falling at an increasing year-over-year rate.