[H]as the economic news started to darken again? Up through about March, every report was worse than you expected, often worse than you could have imagined. Since then, most reports — although continuing to be bad in an absolute sense — have “surprised on the upside.” But my sense is that in the last few days we’ve been getting reports — Korean trade, Japanese orders, German exports — that are once again surprising on the downside.
This thing ain’t over yet.
Wednesday, June 10, 2009
It's darkest after the dawn preceded by the darkness
Paul Krugman says we're not out of the thicket, yet:
Posted by S-townMike at 6/10/2009 02:16:00 PM
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