Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
Wednesday, April 08, 2009
The Industrial Recession
In this chart, "IP" stands for Industrial Production.
The decline in global industrial output is truly startling. I happened to see a graph overlay of our current global output collapse vs. the crisis of 1929-30. At present, the rate of globaldecline is much faster during our current crisis than in 1929-30.
In this chart, "IP" stands for Industrial Production.
The decline in global industrial output is truly startling. I happened to see a graph overlay of our current global output collapse vs. the crisis of 1929-30. At present, the rate of globaldecline is much faster during our current crisis than in 1929-30.
ReplyDeleteAbsolutely remarkable stuff.